What type of information is reported using a FinCEN 105 form?

The FinCEN 105 form is specifically designed for reporting the transportation of currency or monetary instruments exceeding $10,000 into or out of the United States. This form is a vital tool used by the Financial Crimes Enforcement Network to track large transfers of cash and similar financial instruments, as it helps in combating money laundering and other financial crimes. When individuals or entities are transporting large sums of money across borders, they are required to disclose this information to ensure compliance with financial regulations.

This particular reporting requirement is critical in maintaining transparency in financial transactions and assists in the overall effort to prevent illegal activities related to money movement. The form must be filled out accurately to provide authorities with necessary details about the source and intent of the funds being transported, which is essential for regulatory and security measures.