Answer:
Unless you have a sole beneficiary or conductor for more than $10,000 - no.
First published on BankersOnline.com 6/20/11
CTR Required When Numerous Checks Cashed?
Answered by:
Question:
Is it required to file a CTR on companies payroll accounts where there is numerous checks being cashed? It has been my experience that we never had to do this in the past, even though these companies were not on our exempt list.
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