No, it has nothing to do with a particular bank. It is a federal reporting law that applies to all U.S. banks. A currency transaction report (CTR) is a bank form used in the︀ U.S. to help prevent instances of money laundering. This form must be filled out by︁ a bank representative who has a customer requesting to deposit or withdraw a currency transaction︂ greater than $10,000. The bank is simply following the law and it is best to︃ submit to the CTR without a fuss -- or else your transaction may be flagged︄ with a SAR. There is no need to worry about a CTR if the money︅ is legal.
If the bank employee suspects a transaction may be fraudulent, they can file︆ a Suspicious Activity Report (SAR). If that is the case, then they will not tell︇ you that they are doing this, and FinCEN may investigate the transaction independently.
