Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums BSA/AML/CIP/OFAC Forum CTR for safe deposit seizure
Thread Options
#2182655 - 06/21/18 06:49 PM CTR for safe deposit seizure
mkp122 Offline
100 Club
Joined: Aug 2005
Posts: 219
NJ
We had a seizure for a customer with a safe deposit box. The amount of cash was over $10K so a CTR should be required. Do we list our customer's information or the LE Officer who took the cash?

Return to Top
BSA/AML/CIP/OFAC Forum
#2182657 - 06/21/18 07:10 PM Re: CTR for safe deposit seizure mkp122
Adam Witmer Offline
Power Poster
Joined: Sep 2010
Posts: 2,658
Did the law enforcement officer make a deposit, exchange, etc with the bank? If not, there is no need for a CTR as the cash went straight from the SD box to law enforcement.
_________________________
Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
www.compliancecohort.com

Return to Top
#2182665 - 06/21/18 07:23 PM Re: CTR for safe deposit seizure mkp122
BrianC Offline
Power Poster
BrianC
Joined: Nov 2004
Posts: 6,718
Illinois
_________________________
Sola Gratia, Sola Fides, Sola Scriptura, Solus Christus, Soli Deo Gloria!
www.tcaregs.com

Return to Top
#2182687 - 06/21/18 08:45 PM Re: CTR for safe deposit seizure BrianC
mkp122 Offline
100 Club
Joined: Aug 2005
Posts: 219
NJ
Thank you!

Return to Top

Moderator:  Andy_Z