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CTRs and Multiple Roles

Answered by: 

Question: 
If a person has more than one role, do we fill out more than one Part I?
Answer: 

New instructions say “If more than one Item 2 option applies to a Part I person, a separate Part I section will be prepared on that person for each Item 2 option. For example, if the Part I person makes a $5,000 deposit into their personal account and a separate $7,000 deposit into the account of another person/entity, there will be one Part I on that person reporting option 2a on the personal deposit with that amount and account number in Item 21 “Cash in amount”. There will be a second Part I on that person reporting option 2b on the person/entity account transaction with that amount and account number in Item 21.”
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Learn more about Deborah Crawford’s webinar CTR Line-by-Line

First published on 07/26/2020

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