CTR for partnership

Posted By: Compliance Action Subscriber 1226

CTR for partnership - 03/24/17 09:49 PM

Doing a CTR for a husband and wife partnership - it is a withdrawal by wife - would we include husband's name on CTR also
Posted By: Elwood P. Dowd

Re: CTR for partnership - 03/25/17 09:17 AM

For a partnership, partners do not benefit from a deposit. They own the partnership, not the bank account.

Outside of real estate lending, generally, when a banker starts thinking about whether a H & W relationship changes the answer to a question, he or she is looking down the wrong path.