Question 1

What does the currency transaction report extractor read?

Accepted Answer

The CTR or filing number, the filing date, the reporting institution name and id, the transaction date, the currency (enum), the total amount and its USD equivalent, the exchange rate applied, the transaction type (enum), and the transaction location or branch.

Question 2

How is a CTR different from KYC/AML documentation?

Accepted Answer

A CTR (Currency Transaction Report) is the report a financial institution files with FinCEN under the Bank Secrecy Act for cash transactions over $10,000: it records the filer, the transaction, and the person conducting it. KYC/AML documentation is the customer due diligence gathered at onboarding. For that use the KYC and AML extractor.

Question 3

Which person-conducting and filer fields come out?

Accepted Answer

The customer name, date of birth, id type (enum), id number, and address, the counterparty or beneficiary name, the filing person name, the governing law, and the suspicious activity and multiple transactions flags (booleans) each come back as fields. The tool reports the fields as written and gives no compliance judgment.

Question 4

Are the transactions and customers returned as tables?

Accepted Answer

Yes. A transactions table returns each transaction date, currency, amount, USD amount, type, customer name, counterparty name, and suspicious flag; and a customers table returns each customer name, date of birth, id type, id number, and address.

Question 5

The report contains personal and financial data. What happens to it?

Accepted Answer

It is processed via the Talonic API for extraction only, is not retained for training, and is not shared. Redact identification numbers and dates of birth where you can. PDF only, up to 10MB and 100 pages.

Currency Transaction Report Extractor

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