Skip to content

CTR Required if Transactor on Both Deposits?

Answered by: 

An Office Worker is employed at Big Grocery, which is exempt from currency transaction reporting. She brings in a business deposit including $8,000 cash. She also deposits $5,000 cash in her personal savings account. Is a CTR required since she is a transactor on both deposits?

No - the cash transaction for the business is exempt from reporting so the total cash does not meet the reporting threshold.

First published on 4/29/13

First published on 04/29/2013

Filed under: 

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