This document explains why financial institutions ask for identification and personal information when conducting large currency transactions. It outlines the federal law requirements for reporting transactions over $10,000 and the consequences of structuring transactions to avoid reporting.
documents/vol00010-efta01368067-pdf.pdf
{"title":"Notice to Customers: A CTR Reference Guide","document_type":"correspondence","document_subtype":"notice","key_organizations":["FinCEN"],"reference_numbers":["DB-SDNY-0059725","SDNY_GM_00205909","EFTA01368067"]}