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#1509815 - 02/14/11 05:44 PM CTR Report??
BruinBanker Offline
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Joined: Aug 2009
Posts: 19
We have 2 supermarket accounts with the same owner, one is exempt from CTR reporting. An employee of the Supermarket came in to cash two checks on behalf of the business totaling 11,000 (cash needed for celebration of Chinese New Year). One check for $6,000 was drawn on the exempt Supermarket, and a $5,000 check was drawn on the non-exempt supermarket. I say NO CTR required here. Is this correct???

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#1509816 - 02/14/11 05:46 PM Re: CTR Report?? BruinBanker
Doug Hendrickson Offline
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Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
No CTR required. The transaction for the exempted account does not factor into any aggregation.
_________________________
I hear and I forget. I see and I remember. I do and I understand.--Confucius

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#1509820 - 02/14/11 05:54 PM Re: CTR Report?? Doug Hendrickson
BruinBanker Offline
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Joined: Aug 2009
Posts: 19
Thanks Doug! Appreciate the quick reply.

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