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Cash Transaction Report (CTR) – FIC

Cash Transaction Report (CTR)

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This report is a mandatory daily report submitted by Accountable Institutions or professions that receive cash as a form of transaction. The Anti- Money Laundering Act, 2020 (Act 1044) has empowered the Centre to set thresholds for various sectors and professions. For instance, a threshold of GH¢50,000.00 has been set for the banking and securities sectors. This means that any deposit or withdrawal amounting to GH¢50,000.00 or more is reported to the Centre and kept in the database for monitoring purposes.