Bank Secrecy for Frontline Employees: What Do You Do with $10,000 in Cash?

What Do You Do with $10,000 in Cash? In this course, we discuss the Currency Transaction Report, or CTR, and the importance of filing one for all currency transactions exceeding $10,000 in any one business day. But what happens when a customer deposits $5,000 in the morning and $6,000 in the afternoon? We’ll discuss all of the technical rules and regulations around the CTR, when to file one, and when it is not required. We’ll also discuss what’s considered a currency transaction, how software can help determine when a CTR is needed, and how criminals might try to evade reporting.

Part of our Bank Secrecy for Frontline Employees series, this course includes a brief video presentation, a short exam to test your knowledge, and a downloadable student handbook for future reference.