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#1951765 - 08/11/14 09:12 PM CTR
Joanna Offline
100 Club
Joined: Sep 2013
Posts: 102
ABC company comes in with currency over $10K; they get cash back of $9K which lowers the deposit of currency down. Would a CTR be filed?

I feel a SAR should be because it has happened a lot.

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#1951844 - 08/12/14 12:27 PM Re: CTR Joanna
RBanker Offline
Power Poster
RBanker
Joined: Jul 2003
Posts: 2,675
Austin Texas
so you have a cashin over $10,000 and cashout of $9,000?

CTR gets filed.

If they requested $9,000 back PRIOR to the transaction, so that the cashin was under $10,000 then a SAR for stucturing might be worthy of consideration. However, since I wasn't present for the transaction that must a determination of your BSA Officer.
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#1952004 - 08/12/14 03:12 PM Re: CTR Joanna
Joanna Offline
100 Club
Joined: Sep 2013
Posts: 102
Thank you...

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