Enhances security over current manual processes and the mailing of filings to FinCEN through the use of Secure Sockets Layer (SSL) and user IDs/passwords
Accelerates submission of data to FinCEN
Enhances record-keeping and submission management
For Batch Filers:
Eliminates existing tape cutting, internal routing, and shipping processes which reduces cost
Eliminates manual processes associated with producing and handling diskettes for diskette filers
Delivers filing data more rapidly
Allows real-time submission status checking
Ensures faster receipt of Acknowledgment files from FinCEN
For Discrete (Individual) Filers:
Enables more efficient data entry through the use of electronic forms
Enhances internal routing of forms for review and submission from multiple locations
Facilitates data storage through the use of electronic forms
Delivers electronic acknowledgments from FinCEN, including error-free CTR forms
Ensures faster receipt of acknowledgments from FinCEN
Enhances accuracy of forms through online guidance