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#1964195 - 09/24/14 02:03 PM Conductor CTR
CarolynA Offline
New Poster
Joined: Sep 2013
Posts: 19
If a conductor deposits $12K in cash for an Exempt business and then deposits $1K in cash into an non-exempt account would a CTR be required for the conductor?

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BSA/AML/CIP/OFAC Forum
#1964211 - 09/24/14 02:21 PM Re: Conductor CTR CarolynA
BrianC Offline
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BrianC
Joined: Nov 2004
Posts: 6,724
Illinois
No. Treat a deposit into an exempt account like it never happened when aggregating with other transactions.
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#1964219 - 09/24/14 02:31 PM Re: Conductor CTR CarolynA
CarolynA Offline
New Poster
Joined: Sep 2013
Posts: 19
Thank you, Brian. I was having an internal debate with myself on this one.

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