Money Laundering: The Use of Cash Transaction Reports by Federal Law Enforcement Agencies

Pursuant to a legislative requirement, GAO reported on: (1) the extent to which federal agencies use cash transaction reports (CTR) for law enforcement purposes; (2) the number of cases in which a criminal penalty has been sought for willfully failing to file cash transaction reports; and (3) any changes in the effectiveness of the penalty by reason of legislation enacted in 1990 that reclassified the offense from a misdemeanor to a felony.