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Are Additional Signers Included on the CTR?

Answered by: 
John Burnett

Question: 
If a deposit in excess of $10,000 in cash is being deposited into a sole proprietor/business account by the proprietor himself, and there are additional signers on the account, do the additional signers have to be included on the CTR?
Answer: 

Additional signers do NOT have to be included on the CTR; only the account owner is listed. If you're in one of those states that recognizes a husband/wife sole proprietorship, it may be a joint account (and both spouses will be listed on the CTR), but other authorized signers don't have an ownership interest, and don't get listed (unless you list one in Section B because he or she brought the cash into the bank).

First published on BankersOnline.com 1/9/06

First published on 01/09/2006

Filed under: 
Security
Filed under security as: 
Authorized Signers
IT
Sole Proprietorship

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