CTR - safe case - address to use

Posted By: Tryin-2-Comply

CTR - safe case - address to use - 04/10/13 06:55 PM

We have a customer who is set up on safe cash services (virtual vault) - the cash is picked up by an armored car service, then, delivered to another financial instituion. That instituion provides our bank with a report the next day. We understand item 24 will be marked for aromored car (FI Contract) - for Part III, item 33 (address where the transcation took place) - what address do we use? The cash is never brought to our branch.
Posted By: Tryin-2-Comply

Re: CTR - safe case - address to use - 04/11/13 02:05 PM

In case someone else has this issue: a rep from FinCEN called me back today and said that we will record the banks address in item 33 - his reason, the transaction took place there. I don't agree because the cash never came to the bank. However, this is all the guidance we have to go on - and it's their form.