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#1006327 - 07/28/08 06:58 PM CTR for utility payments
sopuno Offline
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Joined: Jul 2008
Posts: 141
lost in paperwork
One of our branches accepts payments for a utility company. Some days, the account has cash aggregates to over $10,000.01. Do we need to file a CTR for the utility company?

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BSA/AML/CIP/OFAC Forum
#1006338 - 07/28/08 07:06 PM Re: CTR for utility payments sopuno
WonderWoman Offline
Diamond Poster
WonderWoman
Joined: Mar 2007
Posts: 2,108
gone fishin'
Yes ...
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#1007219 - 07/29/08 05:01 PM Re: CTR for utility payments WonderWoman
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
I suspect they qualify as a Phase I exemption. I would exempt instead of filing a CTR.
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#1007237 - 07/29/08 05:15 PM Re: CTR for utility payments BrendaC
nemsi Offline
Gold Star
Joined: Nov 2005
Posts: 383
I agree with BrendaC.

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