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T M A S F I F T E E N T H A N N U A L Northwest Cross-Border Conference P R E S E N T E D B Y T H E N O R T H W E S T C H A P T E R O F September 11-13, 2014 Rim rock Hotel Ban ff, Alberta T M A AGENDA
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The Currency Transaction Report (CTR) is a report that U.S. financial institutions are required to file with the Financial Crimes Enforcement Network (FinCEN) for each deposit, withdrawal, exchange of currency, or other payment or transfer, in excess of $10,000 in cash.
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Banks, credit unions, casinos, and other financial institutions are required to file Currency Transaction Reports (CTRs) with FinCEN.
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CTRs can be electronically filed through the Bank Secrecy Act (BSA) E-Filing System or by submitting paper forms to FinCEN.
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The purpose of CTRs is to help detect and prevent money laundering, terrorist financing, and other financial crimes.
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CTRs must include information such as the name, address, social security number, and occupation of the individual conducting the transaction, as well as details about the transaction itself.
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