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#1614025 - 10/07/11 07:44 PM CTR or not?
AuditorK Offline
Platinum Poster
Joined: Feb 2003
Posts: 961
PA
Situation:

On the same business day, the following transactions occur on XYZ Inc's account:

(1) "Person A" deposits 10 checks to XYZ's account and takes $50 in quarters back for the business to use for change

(2) "Person B" cashes a $2,500 check drawn on XYZ and payable to "Person B"

(3) "Person A" cashes 16 payroll checks drawn on XYZ's account on behalf of XYZ employees (total $13,000) and takes the cash back to give to the employees.

Complete a CTR and if so, for what amount?

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#1614034 - 10/07/11 07:54 PM Re: CTR or not? AuditorK
BrendaC Offline
Power Poster
BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Person A hit the trigger for $13,050 cash out. Business benefited from $50 cash out and Person A for $13k (or each check payee, depending on your policy/procedure). Person A conducted.
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