Introductory BSA/AML Examiner School, Providence, RI

Currency Transaction Reports (CTRs) A report shall be filed for each deposit, withdrawal, exchange, or other payment or transfer by, through or to the money transmitter, which involves a transaction in currency of more than $10,000.

A CTR must be filed for all single currency transactions of more than $10,000 in one business day.

Multiple currency transactions must be aggregated if the money transmitter has knowledge that there are on behalf of the same person .

CTRs

Filing Timeframe – • A completed CTR must be filed with FinCEN within 15 days after the date of the transaction. • The money transmitter must retain copies of CTRs for 5 years from the date of the report.