Skip to content

Are Additional Signers Included on the CTR?

Answered by: 

Question: 
If a deposit in excess of $10,000 in cash is being deposited into a sole proprietor/business account by the proprietor himself, and there are additional signers on the account, do the additional signers have to be included on the CTR?
Answer: 

Additional signers do NOT have to be included on the CTR; only the account owner is listed. If you're in one of those states that recognizes a husband/wife sole proprietorship, it may be a joint account (and both spouses will be listed on the CTR), but other authorized signers don't have an ownership interest, and don't get listed (unless you list one in Section B because he or she brought the cash into the bank).

First published on BankersOnline.com 1/9/06

First published on 01/09/2006

Filed under: 
Filed under security as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics