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How long does a CTR have to be?

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On a joint account, Bob or Betty, if Bob makes a deposit and Betty makes a deposit, do we really have to do four part Is

Yes, see FinCEN frequently asked questions, 22 and 23. These have been updated and when a customer has multiple owners and deposits by each one then four part Is are completed. This is different on the withdrawals.


Learn more about Deborah Crawford’s webinar Alert! Deposit Regulatory Update for Second Quarter

First published on 06/07/2020

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