Skip to content
GeoDataVision
Thread Options
#2139143 - 07/21/17 08:06 PM Two people present during business deposit
Bec Offline
Diamond Poster
Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
Really dumb question alert
Cash deposits into a business account that aggregate over the CTR threshold.
The deposits occur during the same visit and there are two people that are present for the transaction.
The teller indicated that only of the people handled the cash.
One was just accompanying to provide some security because there was a lot of cash.
Do I report on just the transactor that handled the cash or should both of the folks be reported on?
_________________________
Go Packers

Return to Top
BSA/AML/CIP/OFAC Forum
#2139149 - 07/21/17 08:48 PM Re: Two people present during business deposit Bec
Sunshine Lady Offline
Platinum Poster
Sunshine Lady
Joined: Apr 2014
Posts: 629
I would just report the person who bought the cash in not the security person.
_________________________
Define Success on your own terms, achieve it by your own rules, and build a life you are proud of. Anne Sweeney

Return to Top
#2139177 - 07/23/17 01:55 PM Re: Two people present during business deposit Sunshine Lady
Cape Codder Offline
Gold Star
Joined: Jul 2011
Posts: 413
Ditto.
_________________________
Nothing difficult is ever easy.

Return to Top

Moderator:  Andy_Z