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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.
Reporting requirements apply to all currency, regardless of where it's from. NA/PhotoObjects.net/Getty Images. Federal laws designed to prevent money laundering require that transactions be reported to the government if they involve large amounts of currency -- that is, cash and coins.anks can get an exemption from the reporting requirements for their business customers who do a lot of sales in cash, such as supermarkets or restaurants, and therefore frequently deposit more than $10,000. However, federal regulations push the reporting requirements down the line to those businesses.