31 CFR §1010.311 — Filing obligations for reports of transactions in currency

bsa-31cfr-1010-311

BSA Currency Transaction Report (CTR) filing obligation for cash transactions over $10,000 under 31 CFR §1010.311.

Get this register: .xlsx .csv More bundles →

source:
  type: regulation
  id: bsa-31cfr-1010.311
  authority: 31 CFR §1010.311 — Filing obligations for reports of transactions in currency
  description: |
    BSA Currency Transaction Report (CTR) filing obligation for cash
    transactions over $10,000 under 31 CFR §1010.311.
obligations:
  - id: bsa-31cfr-1010.311-ctr-over-10k
    canonical_id: bsa-31cfr-1010.311-ctr-over-10k
    section: 31 CFR §1010.311 — CTR filing obligation for currency transactions over $10,000
    description: |
      [LENDER] (as a financial institution other than a casino under 31 CFR
      Chapter X) shall file a report of each deposit, withdrawal, exchange of
      currency or other payment or transfer, by, through, or to [LENDER] which
      involves a transaction in currency of more than $10,000, except as
      otherwise provided in §1010.311.
    type: do
    audit_question: Can [LENDER] demonstrate that, for each cash transaction (deposit/withdrawal/exchange/payment/transfer) by, through, or to [LENDER] involving currency of more than $10,000, a Currency Transaction Report was filed in accordance with §1010.311?
    program_review: Do the P&Ps ensure a CTR is filed for each deposit/withdrawal/exchange/payment/transfer by, through, or to [LENDER] involving currency of more than $10,000, and does the program account for the §1010.311 carve-outs and aggregation rules so over-$10,000 cash activity is hard to miss?
    file_review: Review the over-$10,000 currency-transaction population (and aggregated same-day activity) against filed CTRs; confirm no reportable cash transaction went unfiled.
    judgment: false
    feeds: []
    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
      - 31cfr-1010
      - promoted
    primary_source:
      tier: 1
      authority: 31 CFR §1010.311
      source_class: fincen
      source_url: https://www.law.cornell.edu/cfr/text/31/1010.311
      snapshot_id: ba5f3d2cacf0baa4
      fetched_at: '2026-05-22T11:34:21Z'
      content_hash: sha256:f022af6ed53e366d83c1a362ea3959c89224c99a1edba83d39c9240cebe8b038
      paragraph_quote: Each financial institution other than a casino shall file a report of each deposit, withdrawal, exchange of currency or other payment or transfer, by, through, or to such financial institution which involves a transaction in currency of more than $10,000, except as otherwise provided in this section.
      drafter_attestation: |
        Copied verbatim from snapshot ba5f3d2cacf0baa4 (content.txt) at
        2026-05-22T11:40Z. Substring corresponds to the §1010.311 operative
        sentence establishing the CTR filing trigger for cash transactions
        over $10,000.
    auditor_minimum_evidence:
      derivation: snapshot_extract
      derivation_source:
        snapshot_id: ba5f3d2cacf0baa4
        paragraph_quote: Each financial institution other than a casino shall file a report of each deposit, withdrawal, exchange of currency or other payment or transfer, by, through, or to such financial institution which i
        page_or_section: 31 CFR §1010.311
        fetched_at: '2026-05-22T11:34:21Z'
      pathway_selection_kind: mutually_exclusive_by_facts
      pathways:
        - pathway_id: csh-amep-bsa-1010.311-ctr-filed-within-15-days
          name: Currency transaction(s) >$10,000 in a single business day — CTR filed within 15 calendar days
          evidence_items:
            - evidence_id: csh-ev-bsa-1010.311-currency-transaction-record
              kind: record
              description: Transaction-level record showing currency deposit/withdrawal/exchange/payment/transfer by/through/to [LENDER] that, in aggregate across a single business day for the same person, exceeded $10,000.
              retention_rule_ref: bsa-31cfr-1010.430
              examiner_question_ref: FFIEC BSA/AML Examination Manual — Currency Transaction Reporting
              cite_verified: true
            - evidence_id: csh-ev-bsa-1010.311-aggregation-logic-attestation
              kind: record
              description: BSA system aggregation log showing same-business-day same-person aggregation rule applied per 31 CFR §1010.313, with the transaction(s) totaling >$10,000.
              retention_rule_ref: bsa-31cfr-1010.430
              examiner_question_ref: FFIEC BSA/AML Examination Manual — Currency Transaction Reporting
              cite_verified: true
            - evidence_id: csh-ev-bsa-1010.311-fincen-ctr-filing-confirmation
              kind: document
              description: FinCEN CTR (Form 112) filing confirmation showing the report was electronically submitted within 15 calendar days of the date of the transaction(s) per 31 CFR §1010.306(a)(1).
              retention_rule_ref: bsa-31cfr-1010.430
              examiner_question_ref: FFIEC BSA/AML Examination Manual — Currency Transaction Reporting
              cite_verified: true
        - pathway_id: csh-amep-bsa-1010.311-no-ctr-threshold-not-crossed
          name: No currency transaction(s) >$10,000 same-business-day by same person — no CTR required
          evidence_items:
            - evidence_id: csh-ev-bsa-1010.311-monitoring-system-attestation
              kind: record
              description: BSA monitoring system attestation showing currency-transaction aggregation logic ran for every business day and no same-person same-business-day aggregate exceeded $10,000 during the period.
              retention_rule_ref: bsa-31cfr-1010.430
              examiner_question_ref: FFIEC BSA/AML Examination Manual — Currency Transaction Reporting
              cite_verified: true
      pathway_selection_logic: |
        Two pathways selected by facts: A — currency transaction(s) crossed the $10,000 same-business-day same-person aggregation threshold and a CTR was filed timely; B — monitoring confirms no transactions crossed the threshold so no CTR was required. Both pathways require the same monitoring infrastructure; they diverge on whether a CTR filing occurred. Note: this does NOT cover SAR-eligible suspicious-activity scenarios (which can apply even below $10k) — those are governed by the separate §1020.320 SAR obligation.
    promoted_at: '2026-05-22T11:42:02+00:00'
    promoted_from: bsa-31cfr-1010.311-roundb-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-22T11:42:02+00:00'
    candidate_path: obligations\_remediation\_round_b_drafts\bsa-31cfr-1010.311-roundb-v1.yaml
    candidates_promoted: 1
    candidates_skipped_existing: 0

Verbatim regulatory text (1)

Verbatim provisions from 31 CFR §1010.311 — Filing obligations for reports of transactions in currency — 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 §1010.311 — CTR filing obligation for currency transactions over $10,000

Each financial institution other than a casino shall file a report of each deposit, withdrawal, exchange of currency or other payment or transfer, by, through, or to such financial institution which involves a transaction in currency of more than $10,000, except as otherwise provided in this section.

Source: 31 CFR §1010.311 · source URL · snapshot ba5f3d2cacf0baa4