Series 53: Currency Transaction Report (CTR)

Taken from our Series 53 - MSRB Municipal Securities Principal Qualification Exam

Definition of the term Currency Transaction Report (CTR)...

a report submitted to the IRS by a financial institution that receives cash transactions exceeding $10,000 from any single customer in a single day, whether conducted in one transaction or several smaller ones.

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Solomon Exam Prep Study Materials for the Series 53
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