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#1641450 - 12/21/11 01:31 PM CTR Filing help
justfriendlyme Offline
Member
Joined: Oct 2006
Posts: 54
wisconsin, USA
I am having brain confusion right before my vacation and I am not sure how to report the following on a CTR:

Customer A and Customer B have a joint account together that received $10,000.00 in cash deposited and on the same day
Customer A and Customer C open a new joint account with a $20.00 cash deposit. Is customer A the only person listed in Section A since he is the only benefactor of the net over $10,000.00 amount?

Thanks in advance for your help.

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#1641467 - 12/21/11 02:07 PM Re: CTR Filing help justfriendlyme
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
If customer A conducted both transactions, then all beneficiaries would be listed (A,B, and C).
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#1641482 - 12/21/11 02:04 PM Re: CTR Filing help rlcarey
justfriendlyme Offline
Member
Joined: Oct 2006
Posts: 54
wisconsin, USA
still researching who conducted the transactions since this happened yesterday, so if Customer A conducted all (A, B and C) would be listed in section A but if someone else conducted even one of the transactions then only Customer A would be in Section A? Is this correct?

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#1641628 - 12/21/11 03:26 PM Re: CTR Filing help justfriendlyme
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Yes, because Customer A would be the only person on whose behalf more than $10,000 in cash transactions would have been conducted.
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#1641701 - 12/21/11 04:03 PM Re: CTR Filing help John Burnett
justfriendlyme Offline
Member
Joined: Oct 2006
Posts: 54
wisconsin, USA
Thanks so much for clarifying to both of you.

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