Currency Transaction Report
/ˈkɜːrənsi trænˈzækʃən rɪˈpɔːrt/
Definitions
- (n.) A report that financial institutions in the U.S. must file for any cash transaction exceeding $10,000, used to detect and prevent money laundering and other financial crimes.
The bank filed a currency transaction report after the customer deposited $15,000 in cash.
Forms
- currency transaction report
- currency transaction reports
Related terms
See also
Commentary
Currency Transaction Reports (CTRs) are a key compliance tool under the Bank Secrecy Act, requiring attention to transaction thresholds and timely filing to avoid regulatory penalties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.