A currency transaction report is generated any time you perform a banking transaction that exceeds $10,000. Find out what makes this important.

The forerunner to the CTR requirement was a law enacted in 1945 requiring the reporting of $10,000 currency transactions — $175,000 in today's dollars. The $10,000 threshold was effectively reduced in ...

Federal law requires financial institutions to report currency (cash) transactions over $10,000 conducted by, or on behalf of, one person, as well as multiple currency transactions that aggregate ...

But instead of abolishing currency transaction reports, the federal government recently lowered the reporting threshold to $200 in some border areas. Fortunately, ...

The federal government first began requiring banks to log and report all cash transactions of $10,000 or more in 1952. The Bank Secrecy Act of 1970 established CTRs as we know them today, ...

Starting April 14, check cashing services and money transfer companies in these areas will be required to report transactions of $200 or more, a significant reduction from the previous $10,000 ...