(Formerly known as 92-1) How does a financial institution fulfill the requirement to verify and record the name and address of an elderly or disabled individual who conducts a currency transaction in excess of $ 10,000
This ruling, formerly known as 92-1, was posted to the website on May 18, 2010; it was previously published via the Federal Register. Please note that references in this ruling to CTR form numbers are outdated.
Facts:
31 U.S.C. 5313 -- Reports on Domestic Coins and Currency Transactions
31 U.S.C. 5325 -- Identification Required to Purchase Certain Monetary Instruments
31 CFR 103.28 -- Identification Required
31 CFR 103.29 -- Purchases of Bank Checks and Drafts, Cashier’s Checks, Money Orders and Traveler’s Checks