Posted By: Jennifer
CTR Exempt Customer - 01/24/18 02:23 PM
Two questions:
Same business owner makes deposits into two separate businesses - no co-mingling. Even though the businesses are not co-mingled, since the same person made both deposits - transactor - a CTR would have to be filed due to that fact, correct?
Second question - same scenario - pretending one of those businesses was CTR exempt - the bank would not report the CTR exempt customer, correct? The amount of the other business did exceed $10K.
Same business owner makes deposits into two separate businesses - no co-mingling. Even though the businesses are not co-mingled, since the same person made both deposits - transactor - a CTR would have to be filed due to that fact, correct?
Second question - same scenario - pretending one of those businesses was CTR exempt - the bank would not report the CTR exempt customer, correct? The amount of the other business did exceed $10K.