Title: Bank Secrecy Part 3: Currency Transaction Report
Running time: 19:26
Description: In this program we will cover the Currency Transaction Report or CTR. Under the BSA, domestic financial institutions must file a CTR on each single or multiple deposit, withdrawal, exchange of currency, or other payment or transfer, by, through, or to such financial institutions which involves a transaction in currency of more than $10,000. The law covers transactions by all types of customers. CTRs have a high degree of usefulness in criminal, tax, and regulatory investigations and proceedings.