Just to put an unrequested bow on this, if the scenario were a bit different and the remitter were an exempt government agency, and the total of the purchase transaction were $9,500, don't get confused and forget to make your cash purchases of monetary instruments recordkeeping entry. There are no exemptions from that requirement, and the purchaser in such a case would be the individual making the purchase, not the remitter.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8