![]() ![]() Step 1 – Prepare the information Determine what information needs to be provided The five steps below have been developed as a guide to assist reporting entities prepare for submitting Prescribed Transactions Reports. coin and printed money designated as legal tender). Large Cash Transactions (LCTs) – a domestic, physical cash transaction of NZD$10,000 or more involving physical currency (i.e. ordering, intermediary or beneficiary institution) is in New Zealand, and at least one is outside of New Zealand. International Funds Transfers (IFTs) – an international wire transfer of NZD$1,000 or more where at least one of the institutions involved in the transaction (i.e. Prescribed Transactions are transactions conducted through a reporting entity in respect of: ![]() In addition to Suspicious Activity Reports (SARs), PTRs add further transparency to the financial system by making certain money laundering and terrorist financing typologies even more difficult to hide, as well as improving the detection, and thus disruption, of organised crime, fraud and tax evasion. Prescribed Transactions Reports (PTRs) help to build an intelligence picture across the entire financial system, providing necessary statistics and useful intelligence on the flow of cash and money in and out of New Zealand. Please refer to the Ministry of Justice website for further information. Reporting entities have been introduced as part of the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2017. Send us feedback about these examples.Changes to the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) and regulations introduced new requirements for reporting entities to report prescribed transactions in the form of Large Cash Transaction (LCT) reports and International Fund Transfer (IFT) reports. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'transaction.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. ![]() Scott Horner, The Indianapolis Star, 30 Mar. 2023 Rarely does a struggling team get the chance to reboot the machine and upload itself back to relevance with one seismic transaction. 2023 Prosecutors in Manhattan District Attorney Alvin Bragg's office are believed to be investigating whether Trump directed the falsification of business records to conceal payments reimbursing Cohen for the Daniels transaction. 2023 Sharing information with businesses works in a similar way, but users can opt out of sharing data not relevant to the transaction. 2023 First Republic Bank, which handled the transaction, reports it to the Treasury Department as suspicious. 90, according to Herrington Realty, which handled the transaction. 59 in Loxley, adjacent to the new CEFCO convenience store and gas station under construction near U.S. 2023 Gardner Equipment has leased a 7,200–square-foot office warehouse complex on Ala. 2023 The idea that Grant would land in Portland was in the NBA rumor mill for months prior to the transaction. 2023 King said Edwards was paid $505 for the transaction. Recent Examples on the Web Thomas didn't disclose the transaction, according to ProPublica, despite a federal law that requires officials to make note of real-estate sales in excess of $1,000. ![]()
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