Two people present during business deposit

Posted By: Bec

Two people present during business deposit - 07/21/17 08:06 PM

Really dumb question alert
Cash deposits into a business account that aggregate over the CTR threshold.
The deposits occur during the same visit and there are two people that are present for the transaction.
The teller indicated that only of the people handled the cash.
One was just accompanying to provide some security because there was a lot of cash.
Do I report on just the transactor that handled the cash or should both of the folks be reported on?
Posted By: Sunshine Lady

Re: Two people present during business deposit - 07/21/17 08:48 PM

I would just report the person who bought the cash in not the security person.
Posted By: Cape Codder

Re: Two people present during business deposit - 07/23/17 01:55 PM

Ditto.