If our own bank "courier service" picks up a deposit and are not aware the cash included is over $10,000.00 (against our courier agreement policy with the customer) how do we complete the CTR regarding Section B- Individual Conducting Transaction?
Are there any restrictions or regulations on transporting cash between branches using a bank courier service?
A client recently faxed over a request for a cash transaction requiring a CTR. The client hired a courier service to pick up the cash. In filling out Section B on the CTR form what option should be used to best describe the courier service (armored car service, mail etc.) or should the courier service employee's name, address and personal info (SS Number, etc) be taken to complete section B?
Can you advise me on any restrictions to having a bank employee act as courier and pick up (in locked bags) customer cash deposits? Can you direct me to where I might find more information on setting up such a service?