CTR Filing: Cashing Onus Checks For More Than $10,000

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Question:

I have a noncustomer that cashed an onus check written by one of our bank customers for more than $10,000. Would the CTR need to be filled out in Part I with our customer's info, or just list their account number in Part II?

Answer:

Unless you have knowledge that the noncustomer was obtaining cash on behalf of the customer, your customer would not be reported at allonly the noncustomer who walked out with the cash.

First published on BankersOnline.com 3/4/02