Once a helpful tool for law enforcement, CTRs have become next to useless in the fight against money laundering. It's time to ...

Specifically, when you make a big deposit, the bank has to complete a form called the Currency Transaction Report. This report requires the bank to: Verify and record your name and address Report ...

“The creation of a CTR does not mean that your ... AML (Anti-Money Laundering) limit is a form of structuring, which is also illegal. If the bank suspects that you are trying to avoid the ...