Thread Options
#2249740 - 02/24/21 10:54 PM 23 cent error on CTR
Oh My!!! Offline
100 Club
Oh My!!!
Joined: Apr 2005
Posts: 111
Illinois
I filed a CTR and somehow dropped the cents. Is a correction required for a 23 cent error?

Thanks in advance.

Return to Top
BSA/AML/CIP/OFAC Forum
#2249741 - 02/24/21 10:58 PM Re: 23 cent error on CTR Oh My!!!
Oh My!!! Offline
100 Club
Oh My!!!
Joined: Apr 2005
Posts: 111
Illinois
I will add, it was a business with multiple deposits on the same day.

Return to Top
#2249808 - 02/25/21 10:58 PM Re: 23 cent error on CTR Oh My!!!
Q Offline
Junior Member
Joined: Jun 2015
Posts: 49
Are you saying you rounded down? CTRs do not use cents. if you rounded down so CTR was suppose to 11,001 but you reported 11,000 then yes you would need to file an amendment/correction.

Return to Top
#2249825 - 02/26/21 01:34 PM Re: 23 cent error on CTR Oh My!!!
GrannieTwo Offline
100 Club
Joined: Nov 2010
Posts: 180
Central IL
I found out the hard way also that all my learning in school (I won't state how long ago) was round down if under $.50 and round up if over $.50, but not correct in the CTR world. Yes, I had to amend, but I had multiple CTRs to fix. My suggestion, possibly wrong, would be if you have one, contact FinCEN and ask. I have found FinCEN to be very helpful. I once had an error with an address on several CTRs and SARs, and was told that since I was aware of the error and it would be corrected immediately, which it was, it was not necessary to amend. Just saying. It never hurts to ask.
_________________________
For when I am weak, then I am strong. 2Cor 12:10

Return to Top

Moderator:  Andy_Z