Investigation Hub for US Currency Transaction Reporting
The CTR application produces a Currency Transaction Report (CTR), which financial institutions file with the Financial Crimes Enforcement Network (FinCEN) to report Currency Transactions exceeding $10,000. CTR reporting is a critical component of a bank's anti-money laundering (AML) initiatives to combat money laundering and other financial crimes.
US CTR reporting within IHUB application provides CTR users with a comprehensive, enriched view of CTR reports.
By consolidating data from multiple sources, it offers a 360-degree perspective to improve the CTR reporting experience. The application assists users in searching, analyzing, validating, generating e-files, and submitting reports to FinCEN efficiently.
Steps to Enable
You don't need to do anything to enable this feature.