ITG FAQ #2 Answer-What are the reporting requirements for a money transmitter?
FinCEN CTR, Currency Transaction Report, must be filed for all currency transactions of more than $10,000 (31 CFR 103.22(b)(1)). Currency received from the sender or paid to the receiver can cause the reporting requirement.
Multiple currency transactions must be aggregated, and a CTR is required, if the business knows or has reason to know that the multiple transactions are by or on behalf of any person and result in either cash-in or cash-out totaling more than $10,000 in one business day (31 CFR 103.22(c)(2)).
The CTR must be filed within 15 calendar days following the day the reportable transaction occurs (31 CFR 103.27(a)(1)).