Currency Transaction Report (CTR)

A Currency Transaction Report (CTR) is a document filed with regulatory authorities for transactions involving cash amounts over a certain threshold, typically $10,000. This report is a key requirement under the Bank Secrecy Act (BSA) and is used to monitor and prevent money laundering and other financial crimes. CTRs include information about the transaction, the parties involved, and the source of funds.

Filing CTRs accurately and on time is essential for maintaining compliance and avoiding regulatory penalties.