How do you complete Part I of a CTR for deposits into a joint account?
When a deposit is made into a joint account, it is presumed to be made on the behalf of all account holders because they all have access to the funds. So, multiple Part I’s are required.
Join us for the CTRs, Exemptions & Monetary Instruments Webinar on July 23, 2019. We will answer all the questions submitted during the live webinar, in writing.
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar, or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups, and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports related!