As a result, the next version of the CTR had a suspicious transaction check box at the top. This was in effect until April 1996 when the Suspicious Activity Report (SAR) was introduced.
https://en.wikipedia.org/wiki/Currency_transaction_report
Currency Transaction Report - CTR. A bank form used in the United States to help prevent money laundering. The form must be filled out by a bank representative who helps with a currency transaction of $10,000 or more.
http://www.investopedia.com/terms/c/ctr.asp
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.
https://en.wikipedia.org/wiki/Currency_transaction_report
The currency transaction report was initiated by the Bank Secrecy Act in 1970. However, not all transactions of $10,000 and more need to reported with a CTR. Recent legislation has identified certain groups known as exempt persons. There are three categories of exempt persons.
http://www.investopedia.com/terms/c/ctr.asp
Currency transaction report. 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.
https://en.wikipedia.org/wiki/Currency_transaction_report
Transaction in Currency. The physical transfer of. currency from one person to another. This does not. include a transfer of funds by means of bank check, bank. draft, wire transfer or other written order that does not. involve the physical transfer of currency.
http://www.occ.gov/news-issuances/bulletins/2003/OCC2003-48a.pdf
For a bank, a business day. is the day on which transactions are routinely posted to. customers’ accounts, as normally communicated to. depository customers. For all other financial institutions, a business day is a calendar day.
http://www.occ.gov/news-issuances/bulletins/2003/OCC2003-48a.pdf
The exemption provisions specify the proce-. dures and categories of accounts and govern-. ment agencies for which a bank may grant. unilateral exemptions, or obtain additional au-. thority from the IRS to grant special exemp-. tions.
http://www.federalreserve.gov/boardDocs/supmanual/bsa/bsa_p4.pdf
DEFINITION of 'Currency Transaction Report - CTR'. A bank form used in the United States to help prevent money laundering. The form must be filled out by a bank representative who helps with a currency transaction of $10,000 or more. Next Up.
http://www.investopedia.com/terms/c/ctr.asp
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.
https://en.wikipedia.org/wiki/Currency_transaction_report
definition of deposit on currency transaction report
Deposit on a currency transaction report is a report that United States 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. A deposit on currency transaction report is a report that United States 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.