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What is 2 cash?
2 cash refers to the Currency Transaction Report (CTR), which is used by financial institutions to track transactions over $10,000.
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Banks, credit unions, casinos, and other financial institutions are required to file 2 cash.
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2 cash forms can be filled out electronically or manually, providing information about the transaction and the individuals involved.
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The purpose of 2 cash is to help prevent money laundering, tax evasion, and other illegal financial activities.
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Information such as the amount of the transaction, the identities of those involved, and the purpose of the transaction must be reported on 2 cash.
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