Local news for Cumberland, WI continually updated from thousands of sources on the web.
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.
Currency activity (single and multiple transactions) below the $10,000 reporting requirement (e.g., between $7,000 and $10,000). Currency transactions involving multiple lower dollar transactions (e.g., $3,000) that over a period of time (e.g., 15 days) aggregate to a substantial sum of money (e.g., $30,000).