Can our customer be considered to be structuring under our cash rule of $7500? In other words, we gather info on the customer at $7500 in case of a multiple transaction. She has been depositing several times in amounts of $7400 in cash.
Is there an incentive for a depositary bank to accept returned checks electronically?
After watching the Top Gun conference pertaining to CTR completion updates, my collegues and I were discussing how we are doing CTR’s with multiple dba’s. Today the system adds both of the entities under one Part 1 of the CTR with a semi colon separating them. Now we understand if we say we have already implemented the ruling then we need to a separate Part 1 for each of the dba’s? This will be a lot of manual work and just want to make sure we understand the update correctly.
If a consumer purchased tires and later claimed they were defective and they filed a Reg E claim, but refused to go back to the merchant, can we deny his claim?
Our customer gave his account number to a cousin and the cousin had $250,000 of unemployment come in and out of the account? Will our customer go to jail?