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Currency Transaction Report (CTR)

A report that banks and other financial institutions must file with the government for every cash transaction over a certain dollar amount, currently $10,000, to help detect money laundering.

Suspicious Activity Report (SAR)

A report that financial institutions must file with the government when they suspect illegal activity, such as money laundering or fraud, regardless of the transaction amount.

Money Services Business (MSB)

Businesses that provide financial services like money orders, check cashing, or currency exchange, which are subject to specific regulations to prevent financial crime.

Secretary of the Treasury

The head of the U.S. Department of the Treasury, responsible for managing the government's finances and economic policy.

Consumer Price Index (CPI)

A measure that tracks the average change over time in the prices paid by urban consumers for a basket of consumer goods and services, commonly used to gauge inflation.

Financial Crimes Enforcement Network (FinCEN)

A bureau of the U.S. Department of the Treasury that collects and analyzes financial transaction information to combat domestic and international money laundering, terrorist financing, and other financial crimes.