
Currency Transaction Reports and Exemptions to When One Has to be Filed
This post should not be construed as legal advice. Today’s post delves into a question some of you or producers you work with have faced: depositing amounts under $10,000 to avoid the bank filing a “Currency Transaction Report” (CTR). Certain agricultural operations will periodically deal in cash volumes that big but as we will discuss, attempting to avoid a CTR being filed can result in penalties and possible jail time, even if no underlying crime was committed. The law do