<P> A currency transaction report ( CTR ) is a report that U.S. financial institutions are required to file with FinCEN for each deposit , withdrawal , exchange of currency , or other payment or transfer , by , through , or to the financial institution which involves a transaction in currency of more than $10,000 . Used in this context , currency means the coin and / or paper money of any country that is designated as legal tender by the country of issuance . Currency also includes U.S. silver certificates , U.S. notes , Federal Reserve notes , and official foreign bank notes . </P>
<P> A currency transaction report ( CTR ) is a report that U.S. financial institutions are required to file with FinCEN for each deposit , withdrawal , exchange of currency , or other payment or transfer , by , through , or to the financial institution which involves a transaction in currency of more than $10,000 . Used in this context , currency means the coin and / or paper money of any country that is designated as legal tender by the country of issuance . Currency also includes U.S. silver certificates , U.S. notes , Federal Reserve notes , and official foreign bank notes . </P>
when does a ctr need to be filed
when does a ctr need to be filed
for each deposit , withdrawal , exchange of currency , or other payment or transfer , by , through , or to the financial institution which involves a transaction in currency of more than $10,000
for each deposit , withdrawal , exchange of currency , or other payment or transfer , by , through , or to the financial institution which involves a transaction in currency of more than $10,000