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

52. Currency Transaction Report (CTR)

Financial Transactions

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.

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 — 1,157 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.