I was able to listen to the webinar and the audio was fine BUT....I'm still confused about Part 1, box 2b and 2c. Can someone please explain the difference? I think compliance is making my brain turn to mush!

I knew there was something I wanted to do today. Missed it!

Compliance Gurl,

If the person is conducting a reportable transaction on his own behalf; e.g. depositing money into his own account, you check 2(a). If, instead, the person is conducting a reportable transaction on behalf of someone else e.g.; depositing money into his employer's account, you check 2(b.) You check 2(c) to identify the person on whose behalf the transaction is conducted; e.g. the employer in the preceding example.

Deputy Dawn,

FinCEN will post a recording of the CTR webinar to its web site and you can watch it at your conveninece. The SAR webinar is already available.

2(b) is the old Section B information.
2(c) is the old Part I A when there is a 2(b).
So you would have a page marked 2(b) with the conductor's info and a page marked 2(c) for the beneficiary of that transaction, in the simpliest transaction. Add addtional pages for more than one conductor and/or beneficiary.
At least that's the way I understood it.
Ken, correct me if I'm wrong, please.

Thanks Ken!