Thread Options
#1746775 - 10/04/12 07:08 PM CTR on Cash Back from Dep
Compliance Lover Offline
Platinum Poster
Joined: Aug 2008
Posts: 555
Customer deposits a check to his account (not on us) and the cash back from the deposit requires a CTR. Do you choose the box for negotiable instrument cashed or deposit/withdrawal?

Return to Top
BSA/AML/CIP/OFAC Forum
#1746863 - 10/04/12 08:43 PM Re: CTR on Cash Back from Dep Compliance Lover
BuckDog Offline
100 Club
Joined: Jun 2006
Posts: 123
Tennessee
If the total of the check was run as deposit, then deposit/withdrawal box. If it was a split transaction, and they received the majority back in cash, then I think negotiable instrument cashed.

Return to Top
#1746902 - 10/04/12 10:00 PM Re: CTR on Cash Back from Dep Compliance Lover
BrendaC Offline
Power Poster
BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Negotiable instrument cashed per FinCEN directive to me several years ago. They always want to know when a negotiable instrument is involved.
_________________________
Life without Jesus is like an unsharpened pencil - it has no point.

Return to Top
#1746931 - 10/05/12 10:11 AM Re: CTR on Cash Back from Dep Compliance Lover
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
The money was never in the acccount; "witdrawal" is not an option.
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

Return to Top

Moderator:  Andy_Z