CTRs should be eliminated in favor of smarter approaches to identifying crime. In 1970, Congress authorized the Treasury to impose a Currency Transaction Report regime to provide information to the ...

Here are the basics of virtual currency transactions and how you report them for tax purposes. Image source: Getty Images. The Internal Revenue Service (IRS) has a clear definition of virtual ...

Banks must report cash deposits of $10,000 or more. Don't think that breaking up your money into smaller deposits will allow you to skirt reporting requirements. Small business owners who often ...

When choosing where to exchange currency, don't get caught converting your dollars at unfavorable rates with high currency ...

Key terms to know include spot trading, currency pairs, lots, leverage and pips. Spot trades are transactions in which the buyer immediately takes delivery of the asset. Currency spot trades use ...