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#2227116 - 12/10/19 08:31 PM CTR for a trust
Compliance Action Subscriber 1226 Offline
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A trustee of a family trust withdrew money from the trust account over $10,000 - the trust has its own EIN - how would this CTR be filed

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#2227121 - 12/10/19 08:34 PM Re: CTR for a trust Compliance Action Subscriber 1226
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,704
Cape Cod
Given the fiduciary relationship, we assume the trustee completed the transaction on behalf of the trust unless we have information leading us to believe it was done on his own behalf and on behalf of the trust.

Either way, you'll identify the conductor of the transaction and the trust.
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John S. Burnett
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Fighting for Compliance since 1976
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#2227208 - 12/11/19 07:22 PM Re: CTR for a trust Compliance Action Subscriber 1226
Compliance Action Subscriber 1226 Offline
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Joined: Sep 2015
Posts: 161
would we enter the account number and cash amount for the trustee also, or just for the trust

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#2227227 - 12/11/19 09:14 PM Re: CTR for a trust Compliance Action Subscriber 1226
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,704
Cape Cod
I would not. He's just the conductor.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#2227272 - 12/12/19 04:16 PM Re: CTR for a trust Compliance Action Subscriber 1226
Compliance Action Subscriber 1226 Offline
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Joined: Sep 2015
Posts: 161
Thank you for the advice and quick reply!!

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