Most Popular Security Content
Do We the File CTR on both Minor and Parent?
07/04/2005
If a minor, under 10 brings in a cashier check over 10,000.01 to be cashed with a parent. The minor presents a Social Security Card and Birth Certificate as ID. Parent, who is a custodian presents their drivers license and other information as further ID. When filling out the CTR, is the minor the only person on the form or would the parent be conducting the transaction of the behalf of the minor?
Database Benefits & Risks
07/04/2005
What do need to know about my computer database report writer?
Exempt Customer Purchases New Business
07/04/2005
We have a business exempt from CTR reporting. The business owners have recently purchased another business that is held as a separate entity with a different EIN. The same person (one of the owners) deposits cash exceeding $10,000 into both accounts on the same day. Do I wait for one year to exempt the second business? If so, how do I report the cash transactions until that year is up? Remember, one business is exempt, the other is not but the same person deposits the cash. Or is it permissible to exempt the second business based on the established relationship with the business owner?
Savings Bonds: August 31 Deadline for Series HH
07/01/2005
Series HH Savings Bonds will no longer be offered to the public after August 31, 2004.
STATS
07/01/2005
- Approximately 12 million CTRs are filed annually. FDIC, Supervisory Insights, June, 2004