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#545965 - 05/10/06 04:27 PM Savings Bonds
Compliance Mom Offline
Junior Member
Joined: Apr 2003
Posts: 45
Tennessee
For CTR purposes, are savings bonds considered negotiable instruments?

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BSA/AML/CIP/OFAC Forum
#545966 - 05/10/06 04:32 PM Re: Savings Bonds
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
No. One cannot negotiate a savings bond to a third party. I suggest checking "other" and explain in the blank.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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