When completing a CTR for a business customer, Part 1 section 14 does anyone have guidance on how examiners view this section. We were informed by our internal audit staff that we needed to check other and put N/A for businesses. On the heading of section 14, it says if an individual, describe method used to verify identity. The instructions for Item 14 state - If an individual conducts the transact(s) on his/her own behalf, his/her identity must be verified by examination of an acceptable document (see General Instructions). For example check box a if driver's license is used to verify an individual's identity and enter the state that issued the license and the number in items e and f. If the transaction is conducted by an individual on behalf of another individual not present or an organization, enter N/A in Item 14.
We have never had any CTR returned because this has not been checked nor has our examiner ever referred to it.
I would like your experience or thoughts on this.