If a person presents a check drawn on the bank, in the amount of $12,000.00, and the bank issuses a cashier's checkpayable to the person, is the transaction subject to a CTR? According to the ABA the answer is yes. Can someone verify that? I have never heard that before. I thought CTRs were triggered by actual cash being handled.
Last edited by Ken_Pegasus; 04/25/06 02:03 AM.