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>SARs only apply to suspicious activity. CTRs are what your bank has to file for every transaction over $10000. For every currency transaction, not every trans
by andrewpi 10y ago
>SARs only apply to suspicious activity. CTRs are what your bank has to file for every transaction over $10000.
For every currency transaction, not every transaction. (if you deposit a check for $50,000, that doesn't get reported unless the bank thinks something about the transaction is suspicious)
Are bitcoins classified as currency for the purposes of CTR reports?
- wheelerwj 10y agoNo, transferring 10k worth of bit Coin doesn't warrant a CTR, only if it's bought or sold using cash.