Deposit to 3 Accounts in 1 Day-CTR Required?

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Question:

We have a customer that has made deposits to three different accounts in one day that add up to more than $10,000 in cash. One of these deposit customers is exempt. Does a CTR need to be filed?

Answer:

You do not need to include the deposit to the exempt customer when aggregating the transactions. If the deposits to the two non-exempt accounts exceeds $10,000 in cash, and they were made by the same conductor, file the CTR on those two deposits.

First published on BankersOnline.com 8/29/11