BSA question for Credit Union world:
A CU hosts a share branch, and a member from another credit union comes in to purchase a monetary instrument, but does so by authorizing a withdrawal from their home CU account.
Technically, this is not a purchase in currency - so would this transaction not require the Monetary Instrument record-keeping?
The share-branch member is not a member of the credit union hosting the branch, so it's a non-member purchase, but again, no currency.
Regulations are a poor substitute for ethics.