<P> When the first version of the CTR was introduced , the only way a suspicious transaction less than $10,000 was reported to the government was if a bank teller called law enforcement . This was primarily due to the financial industry 's concern about the right to financial privacy . The Bank Secrecy Act requires financial institutions to report currency transaction amounts of over $10,000 . </P>
<P> When the first version of the CTR was introduced , the only way a suspicious transaction less than $10,000 was reported to the government was if a bank teller called law enforcement . This was primarily due to the financial industry 's concern about the right to financial privacy . The Bank Secrecy Act requires financial institutions to report currency transaction amounts of over $10,000 . </P>
when does a bank report a deposit or withdrawal to irs
when does a bank report a deposit or withdrawal to irs
currency transaction amounts of over $10,000
currency transaction amounts of over $10,000