We had a client deposit cash at one of our ATMs that triggers CTR. When doing part III for the transaction location, would we select other for Type of financial institution and then put in ATM? We identified it was an ATM deposit in Part II.
#2174869 - 04/24/1804:13 PMRe: Cash Deposit at ATM ahkcompliance
P*Q
Power Poster
Joined: May 2001
Posts: 8,458
Somewhere
I'm surprised our ATM actually accepted that much cash without jamming? And my "doing BSA for many years" head is wondering if this is normal activity for this customer because that seems like an awfully large sum of $ to put in an ATM... If I had the much, I would definitely go to a branch to make the deposit.
Our ATM will accept 30 bills. So, max should be $3,000.00. However, they can do 30 more bills right afterward, but that is very rare and often ends up in a SAR filing. I presume the 30 bills was more about jamming the machine than BSA concerns.
Previous Thread
Index