CTR - Transfer Affidavit

Posted By: Bec

CTR - Transfer Affidavit - 12/31/14 07:30 PM

Deceased customer's accounts were settled with a transfer affidavit resulting in more than $10,000 cashed out to the beneficiary. My question is do we just file the CTR on the Beneficiary or do I include the Deceased person's information as well?
Posted By: Elwood P. Dowd

Re: CTR - Transfer Affidavit - 12/31/14 07:38 PM

Regardless, of what a transfer affidavit may be in your state or your bank, the recipient conducted the transaction on his own behalf.
Posted By: Bec

Re: CTR - Transfer Affidavit - 12/31/14 07:46 PM

Thank you Ken. Happy New Year to ya!