---
title: "Prepare a threshold transaction report for physical currency"
url: "https://ailawframework.com/obligations/aml-ctf-the-practice-as-a-reporting-entity/prepare-a-threshold-transaction-report-for-physical-currency"
type: "task"
site: "AI Law Framework"
id: "A52OB-SF20261022-6"
practice_area: "AML/CTF — the practice as a reporting entity"
tier: "red"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Prepare a threshold transaction report for physical currency

> From the trust ledger and the receipt, build a chronology of notes and coins the practice physically received or paid, with the date, the amount, the currency and the matter.…

Canonical page: https://ailawframework.com/obligations/aml-ctf-the-practice-as-a-reporting-entity/prepare-a-threshold-transaction-report-for-physical-currency  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [AML/CTF — the practice as a reporting entity](https://ailawframework.com/obligations/aml-ctf-the-practice-as-a-reporting-entity.md) |
| Human involvement | Red: Lawyer writes; AI may check, clarify or collect data |
| How AI is used | From the trust ledger and the receipt, build a chronology of notes and coins the practice physically received or paid, with the date, the amount, the currency and the matter. Mark electronic transfers, cheques and card payments as outside the report. List every report field for which the file has no source. The tool writes no part of the report. |
| What the lawyer must review | The practitioner lodges the report. A threshold transaction is a designated service involving the transfer of $10,000 or more in physical currency, including foreign currency of the same value. It is only a transfer of physical currency if the practice receives or pays the notes or coins. A deposit the client makes at a bank, into the firm's account, is the bank's report if the bank took the cash. The report is due within 10 business days after the day of the transaction. A practice that enrolled after 30 March 2026 uses the new form. The practitioner checks the customer, the other parties, the place, the purpose if known, the Australian dollar value and the designated service before lodging. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Lawyer-led judgement**

The lawyer makes the substantive assessment. Any permitted AI assistance remains supporting work with its own checks.

- What the AI does: From the trust ledger and the receipt, build a chronology of notes and coins the practice physically received or paid, with the date, the amount, the currency and the matter. Mark electronic transfers, cheques and card payments as outside the report. List every report field for which the file has no source. The tool writes no part of the report.
- What the lawyer does: The practitioner lodges the report. A threshold transaction is a designated service involving the transfer of $10,000 or more in physical currency, including foreign currency of the same value. It is only a transfer of physical currency if the practice receives or pays the notes or coins. A deposit the client makes at a bank, into the firm's account, is the bank's report if the bank took the cash. The report is due within 10 business days after the day of the transaction. A practice that enrolled after 30 March 2026 uses the new form. The practitioner checks the customer, the other parties, the place, the purpose if known, the Australian dollar value and the designated service before lodging.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a court classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.
- Restriction: The lawyer makes the substantive assessment. Any permitted AI assistance remains supporting work with its own checks.

## Checks the lawyer makes

1. Confirm the practice physically took or handed over the notes or coins. A bank deposit, an electronic transfer, a cheque or a card payment is not this report.
2. Diary 10 business days from the day the cash moved, not from the day the contract settled.
3. Write the report yourself on the form that matches the practice's enrolment date, and check every amount against the receipt.
4. Do not add cash amounts that were split below $10,000 into this report unless you have decided they are one transaction. Structuring is a separate suspicion question.

## Notes

- These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

## Sources

- [AUSTRAC: Threshold transaction reports](https://www.austrac.gov.au/industry-and-business/obligations-and-guidance/your-amlctf-program/reporting-us/threshold-transaction-reports) (checked 2026-10-22)

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/obligations/aml-ctf-the-practice-as-a-reporting-entity/prepare-a-threshold-transaction-report-for-physical-currency/united-states.md) | Red |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*