Introductory BSA/AML Examiner School, Atlanta, CA

CTRs Example

Example:

A person deposits $6,000 in currency to his savings account and withdraws $7,000 in currency from his checking account. Further, he presents $5,000 in currency to be exchanged for the equivalent in Euro’s.

How should the CTR be filed?

CTRs timeframes

• A CTR must be filed within 15 calendar days after the date of the transaction

• A copy of the filed CTR must be retained for 5 years from the date of the report.