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#953607 - 05/02/08 03:28 PM Exempt non-listed business & Cash Out
Islandgirl Offline
100 Club
Joined: Nov 2005
Posts: 182
Louisiana
If an employee of an exempted non-listed business withdraws over $10,000 in cash (change for the business) would a CTR be required on the employee because she walked out with the cash?

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BSA/AML/CIP/OFAC Forum
#953626 - 05/02/08 03:46 PM Re: Exempt non-listed business & Cash Out Islandgirl
WonderWoman Offline
Diamond Poster
WonderWoman
Joined: Mar 2007
Posts: 2,108
gone fishin'
No.

not if it was on behalf of the exempted business.
_________________________
My opinions are my own, and not that of my employer.

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#953644 - 05/02/08 03:56 PM Re: Exempt non-listed business & Cash Out WonderWoman
Islandgirl Offline
100 Club
Joined: Nov 2005
Posts: 182
Louisiana
Thanks for your reply!

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