Thread Options
#2207192 - 02/26/19 09:11 PM CTR and POS Cash Backs
ComplianceGurl, CRCM Offline
Gold Star
Joined: Jul 2007
Posts: 497
I am new to using an automated BSA/AML software system and a CTR situation came up that I'm not sure how to report.

A CTR was triggered for a savings account cash withdrawal of $10,100 and a POS debit transaction of $126.70. After some research I was able to verify that $40 of the POS debit transaction was cash back. Do I need to include the $40 on the CTR since I have knowledge of it or are POS cash back debits not included when aggregating CTR amounts?

The FFIEC manual states:
A bank must electronically file a Currency Transaction Report for each transaction in currency (deposit, withdrawal, exchange, or other payment or transfer) or more than $10,000 by, through, or to the bank.

Thank you in advance!

Return to Top
BSA/AML/CIP/OFAC Forum
#2207196 - 02/26/19 09:22 PM Re: CTR and POS Cash Backs ComplianceGurl, CRCM
MScarn6942 Offline
Platinum Poster
Joined: Aug 2015
Posts: 756
Land Lacking in Lakes, IL
https://www.bankersonline.com/forum/ubbthreads.php/topics/2144682/re-ctr-w-cash-advance#Post2144682

Take a look through that... might be helpful smile Hope so anyway! Different topic, but similar idea.
_________________________
"Pressure is something you feel when you don't know what you're doing" - Peyton Manning

Return to Top

Moderator:  Andy_Z