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BankersOnline.com Forums Banker Forums Need to Remain Anonymous Sole Prop CTR-- multiple transactions
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#2256113 - 06/29/21 03:34 PM Sole Prop CTR-- multiple transactions
Anonymous
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We have an individual that owns a sole prop. She withdrew money from both her sole prop and personal account, which triggered a CTR.

I know that FinCEN published new guidance on sole props last year for CTRs. However, it doesn't quite address this situation. Would you all just have one page for the customer with her name and then AKA the sole prop, or would you have two different pages-- one showing her acting as a sole prop and one showing her acting as herself?

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#2256116 - 06/29/21 05:12 PM Re: Sole Prop CTR-- multiple transactions Anonymous
Sunshine Lady Offline
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Sunshine Lady
Joined: Apr 2014
Posts: 680
I would do one page for the customer with her name and then AKA the sole prop. She would be conductor on own behalf.
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Define Success on your own terms, achieve it by your own rules, and build a life you are proud of. Anne Sweeney

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#2256452 - 07/08/21 07:31 PM Re: Sole Prop CTR-- multiple transactions Anonymous
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
I second Sunshine Lady's advice. One Part I section with item 2a checked and the DBA name in item 8.
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