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#2201123 - 12/19/18 05:44 PM CTR and Foreign Currency
Rae Offline
100 Club
Rae
Joined: Nov 2003
Posts: 192
Need a little help here....customer came in and purchased $16,000.00 worth of Yen and the US equivilant was $162.36. Do I need to file a CTR because the Yen amount was over $10,000.00?

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BSA/AML/CIP/OFAC Forum
#2201130 - 12/19/18 06:36 PM Re: CTR and Foreign Currency Rae
BSA_AML Hoosier Offline
New Poster
Joined: Jun 2012
Posts: 17
Midwest
No, the CTR threshold is over $10,000.00 in US dollars.

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#2201140 - 12/19/18 06:58 PM Re: CTR and Foreign Currency Rae
Rae Offline
100 Club
Rae
Joined: Nov 2003
Posts: 192
Thank you, that is what I thought!

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#2201175 - 12/19/18 09:55 PM Re: CTR and Foreign Currency Rae
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,232
Toano, VA
This is covered on page 4 of the CTR form. See the instructions for items 26 and 27.
_________________________
...gone fishing.

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