Question & Answer Forum

Question: Is a Currency Transaction Report (CTR) required when a single individual deposits more than $10,000 in cash into accounts for two separate business entities when each individual deposit does not surpass the $10,000 CTR reporting threshold? For example, a consumer deposits $5,000 into Business A, and $6,000 into Business B.

Already a member? Log in

Members Get More

This page contains member-only content.

Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:

  • Hundreds of articles and resources
  • Personalized compliance assistance
  • Discounts on top-rated education opportunities
  • Member-only benefits and savings

Interested? Schedule a Customized Membership Webinar

If you are already logged in and believe you should have access to member-only content, please contact us for assistance at info@americascreditunons.org.

Compliance Calendar

Check out the latest compliance calendar for important upcoming dates and deadlines for credit union regulatory compliance requirements.

Learn more