A benefactor is someone who bestows a benefit or support on someone else. Section A of a CTR is filled in with information about the person or persons on whose behalf (the word benefactor doesn't appear here) the transaction is conducted (Yes, I know that some vendors' systems label this information as belonging to the "benefactor," but that doesn't make it correct). Who "benefits" from the transaction (for example, the payee) is also not relevant.
In your cashier's check scenario, the transaction is conducted on behalf of the remitter, the person who will use the check to satisfy an obligation, make a purchase, etc. The payee doesn't even have an interest in the check unless and until the remitter delivers it to the payee.
If the individual conducting the transaction is not the person on whose behalf the transaction is conducted, he or she gets listed in Section B as the conductor.
For example, Sam Sleezy purchases with cash a $15,000 cashier's check to be used by his business, Sleezy Used Buggies, Inc., to purchase three used vehicles from another dealer. He asks that the check be payable to Abbott's Auto Zone. How is the CTR completed?
The person on whose behalf the transaction is conducted is Sleezy Used Buggies, Inc., and its information is used to populate Section A of the form. Sam Sleezy's information is supplied in Section B of the form.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
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