Currency Transaction Reporting for Credit Unions        




The primary purpose of the Bank Secrecy Act (BSA) is to prevent and detect money laundering activity through financial institutions, including credit unions and certain other businesses in the United States. Specifically, the BSA requires credit unions to:

  • Know and properly identify members.
  • Report large currency transactions.
  • Keep records of cash sales of negotiable instruments, and
  • Report suspicious activities.


    1 Hour(s)


  • Identify large currency transactions that must be reported.
  • Properly complete Currency Transaction Report (CTR) forms.
  • Recognize record-keeping requirements associated with cash sales of negotiable instruments.

     111B3R4.2

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