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#1471797 - 11/23/10 06:56 PM Monetary instrument log
suew Offline
New Poster
Joined: Feb 2010
Posts: 20
We have a question on the dollar limit to these as we have an internal spec issue. A cash in for $3000 exactly to purchase a cashiers check. Should this be reported or not until the cash in is at least $3000.01?


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#1471824 - 11/23/10 07:13 PM Re: Monetary instrument log suew
Kelsey D Offline
Platinum Poster
Joined: Aug 2006
Posts: 516
The monetary instrument log is for purchases of $3,000-$10,000, inclusive. You should include it on the log.
Don't make me say, "I told you so!" Sincerely, your friendly Compliance Officer.

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#1471836 - 11/23/10 07:20 PM Re: Monetary instrument log suew
dickr Offline
Gold Star
Joined: Feb 2010
Posts: 356
Middlesex Cty NJ
I believe the record keeping requirement applies to purchases between $3000 and $10000 inclusive.
Lord,give me patience - and I want it NOW!!!

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