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Joint accounts and CTRs—who goes on CTR?

Answered by: 
Deborah Crawford

Question: 
Do you only do one Part I on a joint account holders when a deposit is being made?
Answer: 

When the money goes in, the CTR is completed on all the joint owners. The changes had to do when you had two deposits by two different people. In that case, your owners may have more than one role so more than one Part I.

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Learn more about Deborah Crawford’s Currency Transaction Reporting: Line-by-Line Updated for 2022 webinar.

First published on 04/10/2022

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