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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.
Exchanges and Rates. The amount of foreign currency necessary to trigger a report depends on the exchange rate at the time of the transaction. If you do a lot of business with tourists or foreign visitors, you might accept, say, Mexican pesos.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.