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CTR Cap?

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Question: 
I work in the retail division of a bank. A handful of our merchants collect payments in-store, and if a cash payment is made over $10,000, we complete a CTR. Since we are regulated by the OCC, is there a cap on the number of CTRs that can be completed each year?
Answer: 

You have to file a CTR for every transaction subject to reporting. There are no caps.

First published on BankersOnline.com 10/26/09

First published on 10/26/2009

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