A Currency Transaction Report is required for which transaction?

• A. A cash withdrawal for $10,000
• B. An outgoing wire transfer for $12,000
• C. A cash deposit for $11,500
• D. A cash deposit for $9,500

Answer: (C)

Currency Transaction Reports are filed whenever a cash transaction involves more than $10,000 in a single operation (or when multiple related cash transactions cumulatively exceed that amount). The cash deposit of $11,500 clearly goes over the $10,000 threshold, so it triggers the CTR requirement. A cash deposit of $9,500 remains under the limit, so it does not. An outgoing wire transfer is not a cash transaction, so it isn’t covered by CTR rules. A cash withdrawal of $10,000 sits at the threshold and is not considered over $10,000 in most explanations, so it does not definitively require a CTR. Therefore, the deposit that exceeds the threshold is the scenario that requires a CTR.