Foreign Currency Purchase
Answer by John Burnett, BOL Guru Guru Bios
Question: Is there something that needs to be filled out if a customer purchases foreign currency over $3,000.00 in cash?
Answer: Some banks might have a procedure that would record customer data just in case other cash transactions aggregated with this one would trigger the need for a CTR. I am not aware of any regulatory requirement that such a record be made, however.
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