Skip to content
BOL Conferences Top Gun 23
Thread Options
#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?

Thanks,

Return to Top
BSA/AML/CIP/OFAC Forum
#1471824 - 11/23/10 07:13 PM Re: Monetary instrument log suew
Kelsey D Offline
Platinum Poster
Joined: Aug 2006
Posts: 516
Ohio
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.

Return to Top
#1471836 - 11/23/10 07:20 PM Re: Monetary instrument log suew
dickr Offline
Gold Star
dickr
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!!!

Return to Top

Moderator:  Andy_Z