Most Popular Security Content
CTR on Same Day $10K Cash Out & ATM Transactions?
07/04/2005
For CTR reporting purposes, if you have a single transaction for $10,000 cash out, and in addition to that, several ATM transactions that would put the total cash out for the day over $10,000 would a CTR be filed? I have never run across this type of scenario before, and I am unsure if ATM transactions are included.
Is He an Established Customer for Purposes of CIP?
07/04/2005
We have a customer who wants to open an account in the name of his "Family Trust" using his SSN. Are we required to go through the CIP process, since he is already an established customer?
Filming Drivers Licenses Permissible or Required?
07/04/2005
Are we still permitted to film a customer's drivers license a part of our CIP policy and is it required by the Patriot Act?
Is Bank Required to Get Authorized Signer's SSN?
07/04/2005
Are you required to get an authorized signer's social security number? The signer has provided us with 2 other forms of ID including a picture ID?
Providing Customer with Copies of CTRs
07/04/2005
We have a customer who is currently being audited. He is requesting copies of approximately 70 Currency Transaction Reports that we filed on him. Are we allowed to provide copies of CTRs to our customer?