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FCEN

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AcronymDefinition
FCENFacultad de Ciencias Exactas y Naturales (Spanish)
FCENFinancial Crimes Enforcement Network


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The last two decade (1995 onwards) has seen leaps and jumps in the real estate markets globally (Banker, 2005; Baker and Rosnick, 2005; Schneider, 2005; FCEN Report, 2006; The Economist, 2007) to the tune of over 300% increase in the real estate prices in prominent urban cities and about 100% as an average of the global economy in general.
The new rules, which will go into effect once the Secretary of the Treasury officially issues them, will require anyone engaged in a trade or business to file a CTR with the FCEN whenever the person or business receives more than $10,000 in coins or currency in one or more in a series of related transactions.
The action was approved at the regularly scheduled Board Meeting on April 20, 2007, with the effect of adding 50% more shares of FCEN stock.
 
 
 
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