31 CFR §1010.306 — Filing of reports (CTR/currency reports)

bsa-31cfr-1010-306

BSA filing timing and retention rule under 31 CFR §1010.306.

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source:
  type: regulation
  id: bsa-31cfr-1010.306
  authority: 31 CFR §1010.306 — Filing of reports (CTR/currency reports)
  description: |
    BSA filing timing and retention rule under 31 CFR §1010.306.
obligations:
  - id: bsa-31cfr-1010.306-a1-ctr-15-day-filing
    canonical_id: bsa-31cfr-1010.306-a1-ctr-15-day-filing
    section: 31 CFR §1010.306(a)(1) — CTR filing within 15 days of reportable transaction
    description: |
      [LENDER] (as a financial institution under 31 CFR Chapter X) shall file
      any report required by §1010.311 or §1021.311 (currency transaction
      reports for transactions in currency over $10,000) within 15 days
      following the day on which the reportable transaction occurred.
    type: do
    audit_question: For each reportable currency transaction triggering §1010.311 or §1021.311, can [LENDER] demonstrate that the corresponding report was filed within 15 days following the day on which the reportable transaction occurred?
    program_review: Do the P&Ps ensure every §1010.311/§1021.311 reportable currency transaction triggers a CTR filed within 15 days following the day the reportable transaction occurred?
    file_review: Pull filed CTRs and the underlying reportable currency transactions; confirm each filing landed within 15 days of the transaction date.
    judgment: false
    feeds:
      - bsa-31cfr-1010.306-a2-five-year-retention
    workflow_phase: customer_onboarding
    owner_role: bsa_aml_officer
    secondary_owner_role: compliance_officer
    cadence: triggered
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - bsa
      - aml
      - ctr
      - reporting
      - 31cfr-1010
      - promoted
    primary_source:
      tier: 1
      authority: 31 CFR §1010.306(a)(1)
      source_class: fincen
      source_url: https://www.law.cornell.edu/cfr/text/31/1010.306
      snapshot_id: 79fd1d0d6a885ac3
      fetched_at: '2026-05-22T11:34:20Z'
      content_hash: sha256:ff0279e7684d7bcb7e572e17507dba52b0edc1d145b6aa28bf183d6ec05adea6
      paragraph_quote: (1) A report required by § 1010.311 or § 1021.311 , shall be filed by the financial institution within 15 days following the day on which the reportable transaction occurred.
      drafter_attestation: |
        Copied verbatim from snapshot 79fd1d0d6a885ac3 (content.txt) at
        2026-05-22T11:40Z. Substring corresponds to §1010.306(a)(1) operative
        15-day CTR filing deadline. Cornell LII whitespace around §-marks
        (" § 1010.311 , ") preserved verbatim.
    promoted_at: '2026-05-22T11:39:43+00:00'
    promoted_from: bsa-31cfr-1010.306-roundb-v1.yaml
  - id: bsa-31cfr-1010.306-a2-five-year-retention
    canonical_id: bsa-31cfr-1010.306-a2-five-year-retention
    section: 31 CFR §1010.306(a)(2) — Five-year retention of filed reports
    description: |
      [LENDER] (as a financial institution) shall retain a copy of each report
      filed pursuant to §§1010.311, 1010.313, 1020.315, 1021.311 and 1021.313
      for a period of five years from the date of the report.
    type: do
    audit_question: For each CTR or related currency report filed under §§1010.311, 1010.313, 1020.315, 1021.311, or 1021.313, can [LENDER] produce the retained copy and demonstrate retention for at least five years from the date of the report?
    program_review: Does the program retain a copy of each report filed under §§1010.311, 1010.313, 1020.315, 1021.311, and 1021.313 for five years from the date of the report?
    file_review: For sampled filed reports, confirm the retained copy exists and the five-year-from-report-date retention is met.
    judgment: false
    feeds: []
    workflow_phase: customer_onboarding
    owner_role: bsa_aml_officer
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - bsa
      - aml
      - ctr
      - recordkeeping
      - 31cfr-1010
      - promoted
    primary_source:
      tier: 1
      authority: 31 CFR §1010.306(a)(2)
      source_class: fincen
      source_url: https://www.law.cornell.edu/cfr/text/31/1010.306
      snapshot_id: 79fd1d0d6a885ac3
      fetched_at: '2026-05-22T11:34:20Z'
      content_hash: sha256:ff0279e7684d7bcb7e572e17507dba52b0edc1d145b6aa28bf183d6ec05adea6
      paragraph_quote: (2) A copy of each report filed pursuant to §§ 1010.311 , 1010.313, 1020.315, 1021.311 and 1021.313, shall be retained by the financial institution for a period of five years from the date of the report.
      drafter_attestation: |
        Copied verbatim from snapshot 79fd1d0d6a885ac3 (content.txt) at
        2026-05-22T11:40Z. Substring corresponds to §1010.306(a)(2) five-year
        retention rule for CTR copies.
    promoted_at: '2026-05-22T11:39:43+00:00'
    promoted_from: bsa-31cfr-1010.306-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-22T11:39:43+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\bsa-31cfr-1010.306-roundb-v1.yaml
    candidates_promoted: 2
    candidates_skipped_existing: 0

Verbatim regulatory text (2)

Verbatim provisions from 31 CFR §1010.306 — Filing of reports (CTR/currency reports) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

31 CFR §1010.306(a)(1) — CTR filing within 15 days of reportable transaction

(1) A report required by § 1010.311 or § 1021.311 , shall be filed by the financial institution within 15 days following the day on which the reportable transaction occurred.

Source: 31 CFR §1010.306(a)(1) · source URL · snapshot 79fd1d0d6a885ac3

31 CFR §1010.306(a)(2) — Five-year retention of filed reports

(2) A copy of each report filed pursuant to §§ 1010.311 , 1010.313, 1020.315, 1021.311 and 1021.313, shall be retained by the financial institution for a period of five years from the date of the report.

Source: 31 CFR §1010.306(a)(2) · source URL · snapshot 79fd1d0d6a885ac3