SARs & CTRs

Two FinCEN filings: a Currency Transaction Report for cash transactions over $10,000 in one business day (aggregated), and a Suspicious Activity Report for transactions of $5,000 or more that look like laundering or have no business purpose.

Tipping off the subject of a SAR is a federal offense — confidentiality is absolute. CTRs aggregate multiple same-day cash deposits, which is exactly what structuring tries to evade.

Related terms

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