Skip to content

Foreign Currency Purchase

Answered by: 

Question: 
Is there something that needs to be filled out if a customer purchases foreign currency over $3,000.00 in cash?
Answer: 

Some banks might have a procedure that would record customer data just in case other cash transactions aggregated with this one would trigger the need for a CTR. I am not aware of any regulatory requirement that such a record be made, however.

First published on BankersOnline.com 6/29/09

First published on 06/29/2009

Filed under: 
Filed under security as: 

Search Topics