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#1964270 - 09/24/14 03:47 PM SAR Suspicious Activity Wording
Midwest BSA Offline
Member
Joined: Sep 2014
Posts: 57
What is the difference between "multiple transactions below BSA recordkeeping threshold" and "multiple transactions below CTR threshold"? I'm confused on when to use the multiple below BSA recordkeeping - wouldn't they both go hand-in-hand?

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#1964272 - 09/24/14 03:51 PM Re: SAR Suspicious Activity Wording Midwest BSA
LiveFromNYC Offline
100 Club
Joined: Nov 2004
Posts: 101
I think the recordkeeping threshold is $3k and the CTR trigger is over $10k.

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#1964313 - 09/24/14 05:47 PM Re: SAR Suspicious Activity Wording Midwest BSA
MagicCity Offline

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MagicCity
Joined: Apr 2003
Posts: 3,003
Fort Lauderdale, Florida
LiveFromNYC is correct.
Recordkeeping threshold refers to the $3,000. log.
CTR threshold refers to trans below $10,000.

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#1964441 - 09/24/14 09:06 PM Re: SAR Suspicious Activity Wording Midwest BSA
Midwest BSA Offline
Member
Joined: Sep 2014
Posts: 57
That makes sense. Thank you!!

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#1964475 - 09/24/14 10:37 PM Re: SAR Suspicious Activity Wording Midwest BSA
Pat Patriot Act Offline
Gold Star
Pat Patriot Act
Joined: Apr 2009
Posts: 450
Don't forget - the $3,000 travel rule also would be included within that checkbox.
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