Currency Transaction Reporting Requirements for Casinos

Under 31 U.S.C. 5313, the Secretary of the Treasury is authorized to require financial institutions to report currency transactions as prescribed by regulation. Regulations implementing 31 U.S.C. 5313 are found at 31 CFR 1010.310 through 1010.314, 31 CFR 1021.311, and 31 CFR 1021.313. The regulations and related form correspond to the following OMB control numbers: 1506-0004, 1506-0005, and 1506-0064. This supporting statement is being issued in connection with the renewal of OMB control numbers 1506-0004, 1506-0005, and 1506-0064. An administrative burden of one hour is assigned to each of the two CTR regulation OMB control numbers 1506-0004 and 1506-0005 in order to maintain the requirements in force. The full reporting and recordkeeping burden associated with the reporting requirement is accounted for in FinCEN Form 112 – Currency Transaction Report (CTR) under OMB control number 1506-0064. The rationale for assigning the nominal amount of one burden hour to the two CTR regulation OMB control numbers 1506-0004 and 1506-0005 is that the annual burden hours would be double counted if FinCEN estimated the full burden of reporting in each CTR regulation OMB control number and in the CTR – Form 112 OMB control number.

The latest form for Currency Transaction Reporting Requirements for Casinos expires 2027-09-30 and is listed under ICR 202405-1506-004.