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#1285828 - 11/12/09 11:11 PM Exempt and Non-Exempt transactions
Anonymous
Unregistered

I should know this but it is all fuzzy today. One person brings in over $10,000 in cash but part of deposit is for exempt business. If we don't include exempt transaction, the deposit is under $10,000. I must exclude exempt transaction even though one person brought in more than $10,000 in cash correct? I do not file CTR?

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#1286290 - 11/13/09 06:49 PM Re: Exempt and Non-Exempt transactions Anonymous
nemsi Offline
Gold Star
Joined: Nov 2005
Posts: 383
Ignore the $ amount being deposited into the exempt customer's account-assuming that it is going into a deposit account. If that leaves you with less than $10,001 then there is no CTR.

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#1286310 - 11/13/09 07:01 PM Re: Exempt and Non-Exempt transactions nemsi
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
FWIW, I agree.
_________________________
David Dickinson
http://www.bankerscompliance.com

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