Thread Options
#2253238 - 04/29/21 07:32 PM CTR for deposit and withdrawal
Compliance Action Subscriber 1226 Offline
100 Club
Joined: Sep 2015
Posts: 146
Customer withdrew over $10,000 from his account with the intention of making a purchase, returned later in the day and deposited back to the account over $10,000 - would we just do one CTR for a withdrawal and a deposit for the amounts he withdrew and deposited

Return to Top
BSA/AML/CIP/OFAC Forum
#2253240 - 04/29/21 07:35 PM Re: CTR for deposit and withdrawal Compliance Action Subscriber 1226
BrianC Online
Power Poster
BrianC
Joined: Nov 2004
Posts: 5,983
Illinois
You can complete a single CTR and list the applicable dollar amounts on the 'in' side and the 'out' side of Item 25.
_________________________
Sola Gratia, Sola Fides, Sola Scriptura, Solus Christus, Soli Deo Gloria!
www.tcaregs.com

Return to Top
#2253242 - 04/29/21 07:37 PM Re: CTR for deposit and withdrawal Compliance Action Subscriber 1226
Compliance Action Subscriber 1226 Offline
100 Club
Joined: Sep 2015
Posts: 146
OK, that is what I thought, but just wanted it confirmed - Thank you

Return to Top
#2253385 - 05/03/21 08:59 PM Re: CTR for deposit and withdrawal Compliance Action Subscriber 1226
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,307
Cape Cod
If the redeposit of the funds occurs after cutoff and will appear on the next day's business, you will have to file the "out" CTR separately from the "back in" CTR.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  Andy_Z