Currency Transaction Report
A Currency Transaction Report (CTR) is a standard form that businesses like pawn shops must fill out when handling cash transactions of $10,000 or more. It's part of following money rules set by the government to prevent illegal activities. Think of it as a special receipt that tells the government about big cash exchanges. Pawn shops use these forms to show they're being careful about large cash transactions. Similar terms you might see are "cash transaction report" or "FinCEN Form 112" (the official government form number).
Examples in Resumes
Maintained accurate records and filed Currency Transaction Reports for transactions over $10,000
Trained staff on proper CTR filing procedures and compliance
Managed daily operations including Currency Transaction Reports and suspicious activity monitoring
Ensured timely submission of Currency Transaction Reports and maintained compliance documentation
Typical job title: "Compliance Officers"
Also try searching for:
Where to Find Compliance Officers
Professional Organizations
Job Resources
Training Resources
Example Interview Questions
Senior Level Questions
Q: How would you design a compliance program for CTR filing in a multi-branch pawn operation?
Expected Answer: Should discuss creating standardized procedures, training programs, audit systems, and quality control measures across multiple locations. Should mention staff training, documentation methods, and monitoring systems.
Q: What steps would you take if you discovered missed CTR filings from the past month?
Expected Answer: Should explain the process of internal investigation, corrective filing procedures, documentation of the incident, updating procedures to prevent future occurrences, and proper notification to relevant authorities if needed.
Mid Level Questions
Q: What are the key components that must be included in a Currency Transaction Report?
Expected Answer: Should mention customer identification information, transaction amounts, date and type of transaction, business information, and the importance of accuracy in all fields.
Q: How do you handle multiple related cash transactions that might require a CTR?
Expected Answer: Should explain tracking related transactions within a 24-hour period, understanding aggregation rules, and knowing when multiple smaller transactions must be combined for reporting purposes.
Junior Level Questions
Q: When is a Currency Transaction Report required?
Expected Answer: Should know the basic $10,000 threshold for cash transactions and understand that it applies to both single transactions and multiple related transactions in a business day.
Q: What basic information do you need to collect from a customer for a CTR?
Expected Answer: Should list basic requirements like valid government ID, social security number or tax ID, current address, and occupation.
Experience Level Indicators
Junior (0-2 years)
- Basic understanding of CTR requirements
- Ability to complete standard forms
- Customer information collection
- Basic compliance knowledge
Mid (2-5 years)
- Training others on CTR procedures
- Handling complex transactions
- Understanding regulatory requirements
- Maintaining compliance records
Senior (5+ years)
- Developing compliance programs
- Managing regulatory audits
- Creating training materials
- Overseeing multiple locations
Red Flags to Watch For
- Unable to explain basic CTR filing requirements
- Lack of attention to detail in paperwork
- No knowledge of compliance regulations
- Unfamiliar with ID verification procedures
- Poor record-keeping habits
