J
Julio88
Guest
Currency Transaction Report (CTR) is an important requirement for casinos. CTR is a report that must be filed for each currency transaction above $10,000 and it is used to detect and prevent money laundering and other financial crimes. Casinos are subject to FinCEN Form 104, Currency Transaction Report and other requirements applicable to MSBs, as well as Anti-money laundering program requirements. Failure to comply with these requirements may result in penalties and fines. Therefore, it is important for casinos to comply with CTR reporting requirements to avoid any legal or financial consequences.
