What does the EMST form track?

The EMST form is designed to track significant financial activities, specifically focusing on transactions that are equal to or exceed $3000 that occur within the same business day. This tracking is crucial for compliance and financial oversight, helping to ensure that any larger transactions are carefully monitored for accuracy and potential regulatory concerns. This approach allows businesses to maintain a clear view of their substantial financial operations conducted in a single day, which is important for risk management and financial reporting.