Part III: Business & Regulation · Banking, Chips & Financial Operations

Currency Transaction Report (CTR)

Financial TransactionsVERIFIED

(1) A Currency Transaction Report (CTR), filed on FinCEN Form 112, is the report that casinos must submit to the Financial Crimes Enforcement Network (FinCEN) whenever a patron conducts cash transactions exceeding $10,000 in aggregate during a single gaming day. CTRs capture detailed information about the patron including name, permanent address, Social Security number, date of birth, and identification details. Cash-in transactions aggregated include chip purchases, front money deposits, marker payments, and currency exchanges. Cash-out transactions aggregated include chip redemptions, front money withdrawals, and advances on credit. CTRs must be filed electronically within 15 calendar days of the transaction date through the BSA E-Filing System. (2) A report filed with FinCEN for each currency transaction (or aggregate of transactions) exceeding $10,000 by or on behalf of the same person during a single gaming day. CTRs capture essential customer information including name, address, Social Security number, and identification details. Transactions subject to CTR reporting include front money deposits, payments on markers or credit, redemptions of chips or gaming instruments, cashing of checks or negotiable instruments, and currency exchanges. CTRs must be electronically filed within 15 calendar days of the transaction date using FinCEN Form 112.

In practice

Casinos must aggregate cash-in and cash-out transactions separately: a CTR is required when either aggregated cash-in OR aggregated cash-out exceeds $10,000. Slot jackpots are not aggregated for CTR purposes.

One entry from the Casino Industry Glossary, 1,090 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.