CTR

Currency Transaction Report

A CTR is a report filed for large cash transactions that exceed regulatory thresholds. In the United States, banks must file CTRs for cash transactions over $10,000.

CTRs are required under the Bank Secrecy Act and help regulators monitor cash activity. Multiple cash transactions in a short period can trigger reporting rules.

Related Terms

BSA

Bank Secrecy Act

The BSA is a US law requiring financial institutions to assist government agencies in detecting and ...

AML

Anti-Money Laundering

AML refers to the laws, regulations, and procedures designed to prevent criminals from disguising il...

FinCEN

Financial Crimes Enforcement Network

FinCEN is a bureau of the U.S. Treasury focused on combating financial crime. It collects and analyz...

Bank Statement

A bank statement is a document issued by a financial institution that summarizes all transactions in...

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