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#1801198 - 04/03/13 09:03 PM exempt business and personal account
DoorKey Offline
100 Club
Joined: Nov 2002
Posts: 228
Wisconsin
Person A conducts a non-reportable cash deposit into an account for Business XYZ which the Bank has exempted from CTR reporting. Person A later conducts a non-reportable cash deposit into Person A's personal account. When aggregated, Person A has transacted for more than $10,000 cash. Even though Business XYZ is exempted, we still need to file a CTR to report the multiple transactions of Person A, correct?
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#1801201 - 04/03/13 09:06 PM Re: exempt business and personal account DoorKey
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
No, the cash transactions for the business are exempt - it is as if they never happened.
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