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How long does a CTR have to be?

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Question: 
On a joint account, Bob or Betty, if Bob makes a deposit and Betty makes a deposit, do we really have to do four part Is
Answer: 

Yes, see FinCEN frequently asked questions, 22 and 23. These have been updated and when a customer has multiple owners and deposits by each one then four part Is are completed. This is different on the withdrawals.

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Learn more about Deborah Crawford’s webinar Alert! Deposit Regulatory Update for Second Quarter

First published on 06/07/2020

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