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CTR Required if Transactor on Both Deposits?

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Question: 
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?
Answer: 

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

First published on BankersOnline.com 4/29/13

First published on 04/29/2013

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