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#2260840 - 10/06/21 08:04 PM CTR owner involvement
JCrabtree Offline
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Joined: Feb 2012
Posts: 6
Owner of a LLC company came in and made a withdrawal of $18,000.00. I know I list the company and the owner as Parties. My question is, Pretty sure the company's involvement would be "person on whose behalf transaction is conducted'. Not sure what to put for the owner... would it be "person conducting transaction on own behalf'?

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#2260843 - 10/06/21 08:35 PM Re: CTR owner involvement JCrabtree
compgal21 Offline
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Joined: Jan 2021
Posts: 45
The owner would be conductor on behalf of another.

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#2260844 - 10/06/21 08:38 PM Re: CTR owner involvement JCrabtree
Skittles Online
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Skittles
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TN
Was the withdrawal for the business or personal purpose?
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#2260848 - 10/06/21 08:42 PM Re: CTR owner involvement Skittles
JCrabtree Offline
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Joined: Feb 2012
Posts: 6
Teller said that customer never stated one way or the other. Just made the withdrawal.

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#2260857 - 10/06/21 10:21 PM Re: CTR owner involvement JCrabtree
#Just Jay Offline
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Cheeseheadland
Did the teller ask?
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#2260870 - 10/07/21 12:44 PM Re: CTR owner involvement #Just Jay
JCrabtree Offline
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Posts: 6
No. Unless the customer readily admits what they need the money for in conversation, we don't ask.

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#2260872 - 10/07/21 12:49 PM Re: CTR owner involvement JCrabtree
JCrabtree Offline
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Joined: Feb 2012
Posts: 6
New thought. If the transactor can be A and B in involvement, aren't we suppose to check A?

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#2260882 - 10/07/21 02:55 PM Re: CTR owner involvement JCrabtree
RockChucker, CAMS Offline
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Joined: Jul 2013
Posts: 1,700
The Country
The new requirements state that if a transactor is both and A and B you include them as both with the corresponding transactions listed under each part. I hope that explanation makes sense.
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