I have a business customer where the aggregated cash in on all deposits is over $10,000. The business has locations in 4 different cities and all the locations had deposits on this day. Do I have to do a part 1 on the CTR for each business location?
If a customer comes to the teller window to cash a $12,000 withdrawal, the teller physically hands the customer the $12,000, and the customer then gives back $1,000 to deposit to another account to obtain immediate credit, how much currency is the CTR processed for, $12,000 or $11,000?
Are Federal Credit Unions automatically exempt?
We have customers with a joint checking account and they are also signers on a business account. One day, Mrs. Customer deposits $4000 cash in the joint account. On the same day, Mr. Customer deposits $7000 cash in the business account. CTR required?
If a government agency (DEA) sends a representative to purchase an Official Check do we need to get the identifying information on the government representative?
When a customer uses a check for a change order, should the 'currency exchange' field on the CTR be filled out? (Tellers are using the change order option on Vertex when completing the transaction).
BSA/CTR Filings Section B (item B mail deposit or shipment). We cannot find an description of what that would include (shipment). Can you please help us?
Is a CTR required to ship excess cash to the Federal Reserve?
Our bank is beginning to pick up business accounts from one of the other banks in our area, and we'd like to set up Phase II CTR exemptions for several of them without having to wait two months. Can we use the risk-based assessment method to speed up the process?
The independent auditor who completed our BSA compliance review suggested that our bank should find a way to include customer ATM withdrawals when aggregating cash-out transactions for CTR purposes. Most of our customer ATM activity is at other banks' machines, because we only have two ATMs ourselves. Should be include withdrawals made at those other banks' machines, even though we didn't pay out the cash ourselves?