1
Q
What is a CTR?
A
Currency Transaction Report is a mandatory document to report CASH transactions that exceed $10,000 in a single business day. (includes deposits, withdrawals or transfers)
2
Q
Starting with which amount do we require a CTR?
A
$10,000
3
Q
What information is needed for a CTR?
A
ID number, address, SSN, DOB, occupation, etc.
4
Q
What is the purpose of a CTR?
A
FVCbank training
flashcards
Decks in class (14)
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