Do you file the CTR with the client’s information on an IOLTA which receives a cash deposit?
Examiners keep saying to assist our customers. We recognize the immediate need and want to help. It’s obvious we can help, and the rules are relaxed now, so what can’t we do?
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?
If a customer buys $50,000 in Polynesian Francs, does a CTR need filed on the $50,000?
Can we bank hemp growers? Is it marijuana?
When do we check aggregated or multiple transactions?