Posted By: Slugbug
Aggregate for CTR Purposes, II? - 11/26/14 08:09 PM
If you have multiple entities operating under different EIN numbers, but 98% of the time one person brings in the deposits for all entities, do you aggregate all those deposits because you have one person acting on behalf of all of those? Our system doesn't aggregate them, but the teller has knowledge that most of the time one person is bringing them in. We are manually adding those together to create a CTR. The other 2% of the time, an additional person may bring in one or two of those. Will we be in violation if we just always add all together and always file if over $10,000 when added together. It is really a manual process and would be more accurate to just always add all together, than hope we catch it. There is one owner who has ownership in all of the entities and he is the one who generally brings all deposits in, but there are those times that one of the other co-owners brings in one or two deposits.