Once a helpful tool for law enforcement, CTRs have become next to useless in the fight against money laundering, write Greg Baer and Gregg Rozansky, of the Bank Policy Institute. "Debanking" has ...

Withdrawing $10,000 or more in cash from a U.S. bank account triggers a mandatory Currency Transaction Report (CTR) to the Financial Crimes Enforcement Network (FinCEN). This requirement, established ...

On October 9, 2025, the Financial Crimes Enforcement Network (“FinCEN”) jointly issued updated Frequently Asked Questions (“FAQs”) with the Federal Reserve Board of Governors, the Federal Deposit ...