Why is FinCEN changing how we complete CTR filings? Are we required to get more information from customers?
What is the change concerning checking Item 3 to report multiple transactions?
Do the new instructions change how a single reportable deposit to a joint account is to be reported?
The CTR includes fields in Part I for “gender” (item 7), “contact phone number” (item 18), and “E-mail address” (item 19). None of those fields are identified as “critical” fields. Do we have to ask for this information to complete the CTR?
John Jones makes a cash deposit of $9,600 to the account of his hardware store, Jones Hardware, Inc. He also gives the teller five $100 bills and obtains $500 in $20 bills in exchange. Is there any change to how we will report these transactions?
Can we bank hemp growers? Is it marijuana?
Would a CTR be required if several individual employees endorsed their respective payroll checks (all individual payroll checks are under $10,000 but combined they aggregate to an amount that exceeds $10,000), and made the checks payable to one employee who, in turn, cashed them at a financial institution for the purpose of distributing the proceeds back to the individual employees?
Can we open a personal account and label it “Farm Account” and let the customer operate a business out of it?
Our signature is asking for an exempt code in the W-9 portion of the contract. What is it and where are the codes?
Can a BSA violation cost $528,000,000?