"Benefactor" means someone who provides a benefit to someone else. It is not a word that should be associated with CTR filings.
Last edited by John Burnett; 09/30/21 01:57 PM.
The persons being reported are either a conductor of the transaction or a person on whose behalf the transaction is conducted ("person on whose behalf" for short).
That said, when a CTR is filed, all persons conducting the transactions in the report and all persons on whose behalf the transactions were conducted are included.
Because the $1,000 deposit is included in the report, you must include C as a person on whose behalf that transaction was conducted. I will assume Customer A is the joint owner of the account with Customer C.
Customer A, boxes 2b and 3 checked, $14,200
Customer A, boxes 2a and 3 checked, $1,000
Customer B, box 2c checked, $14,200
Customer C, box 2c checked, $1,000
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8