WebIn your hypothetical, since Wife took the cash, you could reasonably say the transaction was on behalf of her only, and Husband was along for the teller visit as company (or security). Since the bank does not have knowledge the transaction is also on Husband's behalf, a CTR could be riled with a Part I for only the Wife, with 2a checked. WebSep 10, 2012 · Question: A customer is a signer and owner of a business and they come in and fill out a withdrawal slip from that account. Which name should be in Section A? I see it as the individual who signs the withdrawal slip or makes a business check out to cash; …
Get Technical – Education for Financial Institutions
WebJul 14, 2024 · ‘Item 3 Multiple transactions’ – Check ‘Item 3’ if multiple cash transactions of any amount totaling more than $10,000 as cash-in or more than $10,000 as cash-out (cash-in/out transactions should not be combined) were conducted in a single business day by or for the person recorded in Part I. WebFeb 1, 2003 · Ours is the completion of a CTR on deposits to joint ownership deposit accounts. I read the Form 4789 instruction for PART 1: "Persons involved in Transactions". Section A must be completed. If an individual conducts a transaction on his own behalf, complete Section A; leave Section B BLANK. im bored wallpapers
CTR Refresher: FinCEN Revises CTR Instructions Again
WebSep 25, 2024 · The CTR should be completed as – Cash In $11,000, Cash Out $12,000. This is because there are two reportable transactions. However, one CTR may be filed to … WebApr 26, 2010 · Since you know that the withdrawals are made in cash, you should, when you are aware of them, aggregate them with other cash-out transactions of your customer to determine whether to file a CTR, and, if a CTR is filed, include the ATM withdrawals among the transactions in the report. WebMar 16, 2012 · Currency Transaction Report Aggregation for Businesses with Common Ownership. The Financial Crimes Enforcement Network ("FinCEN") is issuing this … list of james baldwin poems