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#2201307 - 12/21/18 02:13 PM ??? IOLTA CTR
SmallBankBSA Offline
100 Club
Joined: May 2018
Posts: 236
good morning,
cash deposit to an IOLTA account requiring a CTR.
The Bar foundation is "conducted on behalf of" however do I add the trustee law firm as well? I've never encountered this type of CTR filing before.
Thanks,

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#2201311 - 12/21/18 02:48 PM Re: ??? IOLTA CTR SmallBankBSA
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
The account does not belong to the BAR Foundation - they just get the interest from the account. They have nothing to do with deposits and withdrawals.
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#2201317 - 12/21/18 03:26 PM Re: ??? IOLTA CTR SmallBankBSA
thomasj Offline
Power Poster
Joined: Mar 2001
Posts: 5,063
Pennsylvania
The beneficiary of your CTR is the law firm's client. You will have to get the information about the client from the law firm in order to complete the CTR.
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#2201718 - 12/28/18 09:23 PM Re: ??? IOLTA CTR SmallBankBSA
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Your CTR will identify (1) the individual making the deposit; (2) the law firm; and (3) the law firm's client(s) on whose behalf the law firm took in the cash.
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John S. Burnett
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