CTR Filing

CTR (Currency Transaction Report) filing is the process of submitting reports to regulatory authorities for transactions exceeding a specified threshold, typically $10,000, as mandated by the Bank Secrecy Act (BSA). These reports help detect and prevent money laundering by documenting large cash transactions. CTR filings must be accurate and timely to comply with regulatory requirements.

Maintaining a robust CTR filing process helps financial institutions demonstrate due diligence and regulatory adherence.