Currency Transaction Report (CTR)

The Currency Transaction Report (CTR) is a mandatory regulatory filing under the Bank Secrecy Act (BSA) that financial institutions in the United States must submit to the Financial Crimes Enforcement Network (FinCEN) for any transaction in currency, including deposits, withdrawals, exchanges, or other transfers, that exceeds a single-day aggregate amount of $10,000. This critical anti-money laundering (AML) tool is designed to create a paper trail for large cash movements, helping law enforcement and regulatory bodies detect and investigate potential illicit activities such as money laundering, tax evasion, and terrorist financing.