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The Woman in the Lobby - File a CTR?

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A customer closed two joint CDs and had cashier's checks made payable as the account reads. A few days later he called the bank and asked if he could bring the cashier's checks into the bank and cash them. On his return, a woman came with him (possibly the other joint party to the checks) and waited in the lobby while the transaction and funds were counted to the customer. He then went to his safety deposit box and put the cash there. Should we have received information from the party waiting in the lobby to enter on the CTR?

No. You have nothing but conjecture tying the woman to the transaction and nothing at all to indicate the transactions were conducted on her behalf.

First published on 10/27/08

First published on 10/27/2008

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