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CTR on a Courier Service

Answered by: 
Randy Carey

Question: 
A client recently faxed over a request for a cash transaction requiring a CTR. The client hired a courier service to pick up the cash. In filling out Section B on the CTR form what option should be used to best describe the courier service (armored car service, mail etc.) or should the courier service employee's name, address and personal info (SS Number, etc) be taken to complete section B?
Answer: 

From the CTR form instructions: All individuals (except employees of armored car services) conducting a reportable transaction(s) for themselves or for another person, must be identified by means of an official document(s). So unless the courier you are using is a recognized armored car service, the individual acting as the courier would have to be identified.

First published on BankersOnline.com 6/30/08

First published on 06/30/2008

Filed under: 
Security
Filed under security as: 
Courier Service
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