06/16/2014
A husband opened IRA and wife opened IRA,at the same time, the combined IRA totals exceeded $10,000; does this require a CTR filing?
04/14/2014
We have a customer that deposited into two accounts in which she is an owner; a business with another owner ($4,500.00) and a personal account ($5,900.00). The total cash was over $10,000.00. Does the second owner on the business account need to be reported on the CTR?
01/20/2014
A customer does a withdrawal and adds cash to do a deposit and purchase money orders. How should we do the CTR?
10/28/2013
A customer comes into the bank with a $12,000 on us check. The check is negotiated for $4000 cash and an $8000 cashier's check. Customer holds $8000 cashier's check for a couple of months then returns to the bank to cash it. Based on the amount of the two transactions and the way they were handled, it appears the transactions were structured to avoid CTR filing, so we decide to file a SAR. Would an account number be affected since the original funds were from an account at the bank?
10/28/2013
We had a customer who died and his daughters came in a closed a CD that was titled "His name Living Trust." The cash out amount was over $10,000.01 so a CTR must be done. My question is how is it done?
10/01/2012
If a government agency (DEA) sends a representative to purchase an Official Check do we need to get the identifying information on the government representative?
07/02/2012
Can we exempt a Dealer in Precious Metals, Stones and Jewels from Currency Transaction Reporting?
09/01/2002
One of the tools financial services companies are using in their battle against money laundering is automated detection systems, and those systems are becoming more sophisticated and more integrate
01/01/2001
By FinCEN?s Technology Solutions and Services Division and Office of Outreach Resources
08/01/1996
The FDIC recently issued a bulletin entitled "Guidance On Currency Transaction Reporting Exemptions" (FIL-43-96).