I apologize in advance if this is a super basic BSA question, but humor me please in this scenario:
"Robert" comes to the branch with $15,000 split up among two deposits - one for Business A and one for Business B, both entities are qualifying Phase II entities. Even tho Robert has walked in the door with over $10,000 in cash, we do not have to file a CTR on Robert since the two deposits are both going into properly exempted accounts - correct?

Now let me change it up a bit...
Robert comes in with the same deposits, but in this case Business A is an exempt account, but Business B is not. Would I only need to file a CTR on Robert if Business B's deposit was over $10,000?

1. No, you would not file because they are both exempted
2. If the deposit to business B is over 10k, they you would need to file a CTR because it is not exempt.

Thank you Sunshine Lady!