CTRs: General Instructions

Currency Transaction Reports (CTRs) play a crucial role in preventing financial crime, and banks must ensure that the information provided is complete and accurate. Failing to do so can impact not only the analysis of the data but it can hinder law enforcement agencies that rely on the information for their investigations. By complying with these requirements, institutions make it easier for FinCEN and other agencies to monitor and track suspicious activities.

Kevin explains more in the video.

Video Highlights:

• A CTR must contain the most complete and accurate information possible.
• Required fields on the form should not be left blank, including telephone numbers and email addresses that are in possession of the bank.
• If certain information is not readily available to the bank, “non-critical” fields can be left blank.

Published
2023/06/30