09/27/2015
During new hire training the question was asked, If a transgender person conducted a transaction which required a CTR, what should be marked for the gender? The thought process was, if the customer identifies with the gender not marked on his or her state ID or driver's license, which do we select? My thought is to choose unknown, even though we never use that option otherwise.
08/31/2015
The city's chamber of commerce made a deposit for over $10,000. Is a chamber of commerce an automatic exemption or do we need to file a CTR?
08/16/2015
When filing a CTR on an IOLTA account, do I need to include the benefiting client's information on the CTR if the Client is incapacitated?
08/09/2015
We have a corporate customer with three accounts. One of the accounts includes a "DBA" business name that the corporation also uses, but all the accounts show the same location and EIN. When we file CTRs on the two accounts that don't include the DBA business name, should we be including the DBA on the CTR?
08/09/2015
Is a social security number required on a CTR for the person conducting the transaction. For example if the person refuses to provide SSN, to cash an $11,000 check, do you refuse to cash?
07/05/2015
Mr. and Mrs. Smith are joint owners on their checking account. Mr. Smith goes to Branch A at 9:00am and withdraws $7K. Mrs. Smith goes to Branch B at 2:00 and withdraws $7K. Do we file a CTR? We do not have specific knowledge of either spouse benefiting for the other spouse's withdrawal.
04/27/2015
In a recent CTR training I attended the instructor said that if a deposit of over $10,000 cash is made to a joint account, you must fill out Part 1 on the person making the deposit and also on each of the joint account owners. None of the bankers I have spoken with have ever heard that this was required.
02/09/2015
Wife made a deposit into account #1 of $8,700 in cash. Wife and Mother made a deposit into account #2 of $500 in cash. Husband made a deposit into account #3 of $950 in cash. Wife did NOT hand more than $10,000 in cash to the bank. However, since she is on all 3 accounts, she has benefit of more than $10,000 in cash that was deposited. Is a CTR needed?
09/01/2014
Please explain aggregated transactions. I have a business and with three cash deposits all under the reporting limit. One transaction is done by a person and the other two are night deposits. Would I have to mark off aggregated on the CTR?
09/01/2014
A US Treasury check made payable to a father for his son (Roy Boy for Ray Boy) was cashed over $10,000. Do I list the son as benefiting from the funds or do I only list the father as the conductor and who benefited?