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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