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#2154264 - 11/20/17 06:13 PM Aggregate or Not?
TryingtoComply Offline
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Sole proprietor sends and employee to cash a check for $7,500. Later the same business day, SP makes a $9,000 cash withdrawal from his personal savings account.

Should these transactions be aggregated for purposes of a CTR?
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#2154273 - 11/20/17 06:28 PM Re: Aggregate or Not? TryingtoComply
bcompliance Offline
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I'm not sure how they wouldn't be unless the $7,500 was to pay the employee.
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#2154281 - 11/20/17 06:50 PM Re: Aggregate or Not? TryingtoComply
Elwood P. Dowd Offline
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Both withdrawals were on behalf of the same person...
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#2154285 - 11/20/17 07:10 PM Re: Aggregate or Not? TryingtoComply
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Just needed the confirmation. Thanks for the responses!
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#2154286 - 11/20/17 07:12 PM Re: Aggregate or Not? TryingtoComply
TryingtoComply Offline
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I neglected to mention that the $7,500 check was for petty cash for the business. Still aggregate, right?
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#2154307 - 11/20/17 08:01 PM Re: Aggregate or Not? TryingtoComply
bcompliance Offline
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Yes. He is the business.
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#2154314 - 11/20/17 08:55 PM Re: Aggregate or Not? TryingtoComply
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I agree. Having an interesting conversation regarding this on our end. smile
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#2154321 - 11/20/17 09:16 PM Re: Aggregate or Not? TryingtoComply
bcompliance Offline
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Good luck... I've been there before crazy
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