Answer:
Record the information on the person who completes the transaction in this case, the employee of the company.
First published on BankersOnline.com 12/2/2002
Account transactions, BSA, and Documentation
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Question:
In regards to the Bank Secrecy Act, if an employee of a company purchases a monetary instrument of $3,000 $10,000 on behalf of the company, whose name and account number need to be documented, the company's or the employee's?
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