We have two customers that have a joint account. They each present a cashier check issued for $15,000 to a teller to cash. (different transactions) Each received $15,000 in cash. Earlier in the day one of the individuals deposits $3,500 in cash into the joint account.
A CTR was automatically generated for the transaction of cash out. However, the Vertex system linked the two transactions together and the CTR was for a total of $30,000. When Vertex support was contacted they said the deposit earlier in the day linked the two individuals together because of the funds were deposited into a joint account and that the CTR was generated correctly.
I think two CTR should have been generated one for each of the transactions. Have I missed something?
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Misfit