Treasury Secretary Scott Bessent said in September that the administration is working to raise dollar-based thresholds for currency transaction reports and suspicious activity reports, potentially accounting for the duration of customer relationships. The $10,000 CTR threshold has not been adjusted since the 1970s.
What you should do: If thresholds rise, your compliance burden could decrease significantly. But do not reduce AML monitoring investment until rules are finalized. Stay engaged with your trade association to ensure community bank perspectives are heard.
Full transcript: https://longscribe.com/transcripts/scott-bessent-treasury-international-financial-system-september-15-2026