Thread Options
#1916197 - 04/21/14 05:38 PM CTR issue
BSA Specialist Offline
New Poster
Joined: Jun 2012
Posts: 2
We had 2 customers that came into the bank to cash checks. They had a cashiers check for $15,000 that was made payable to both customers. One of the customers had an additional check for $10,000 made payable to only him. How do we complete the CTR? Do we do 2 separate CTRs for each individual showing one for $15,000 and the other for $25,000? If we do this will it appear as if there was two $15,000 checks? Thanks for any guidance you can give us.

Return to Top
#1916311 - 04/21/14 09:08 PM Re: CTR issue BSA Specialist
Big Dog Offline
Power Poster
Big Dog
Joined: Mar 2005
Posts: 2,659
One CTR for $25,000
Two Section A Beneficiaries
Two Section B Transactors
Multiple Transactions.

Return to Top
#1916316 - 04/21/14 09:10 PM Re: CTR issue BSA Specialist
kw004h Offline
100 Club
Joined: Nov 2009
Posts: 219
Chicagoland, IL
You'll have two Part I's on the same CTR -

In Box 21 (Cash out)for Person A, enter $25,000 ($10,000 + $15,000), and in Box 21 for Person B, enter just $15,000. Check box 3 for multiple transactions only for Person A.

In Part II, enter $25,000 in box 27d for negotiable instruments cashed.

Last edited by kw004h; 04/21/14 09:12 PM. Reason: added info about multiple transactions
Return to Top

Moderator:  Andy_Z