Senate Banking Committee Republicans, led by committee chair Tim Scott, R-S.C., have introduced a bill that would raise the mandatory reporting thresholds for filing a suspicious activity report, or ...

Withdrawing $10,000 or more in cash from a U.S. bank account triggers a mandatory Currency Transaction Report (CTR) to the Financial Crimes Enforcement Network (FinCEN). This requirement, established ...

Withdrawing $10,000 or more in cash from a bank account is not just a simple transaction; it triggers mandatory reporting to the federal government. This requirement is part of U.S. financial ...