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| Administrative Ruling
(Formerly known as 89-2) When a customer has established bank accounts for each of several establishments that it owns, and the bank has exempted one or more of those accounts, how does the bank aggregate the customer`s currency transactions?
This ruling, formerly known as 89-2, 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 Please note that references in this ruling to CTR exemptions and form numbers are outdated. Facts X Company (``X'') operates two fast-food restaurants and a…
| Administrative Ruling
(Superseded by subsequent changes to 31 CFR 103.22) (Formerly known as 89-1)
| Administrative Ruling
(Formerly known as 88-5) Does a financial institution havea duty to file a CTR on currency transactions where the financial institution never physically receives the cash because it uses an armored car service to collect, transport and process
Facts X State Bank (the "Bank") and Acme Armored Car Service ("Acme") have entered into a contract which provides for Acme to collect, transport and process revenues received from Bank customers: Each day, Acme picks up cash, checks, and deposit tickets from Little Z, a non-exempt customer of the…
| Administrative Ruling
(Formerly known as 88-2) When, if ever, should a bank filea CMIR on behalf of its customer, when the customer is importing or exporting more than $ 10,000 in currency or monetary instruments?his ruling, formerly known as 88-2, was posted to the website
| Administrative Ruling
(Superseded by subsequent changes to 31 CFR 103.22) (Formerly known as 88-4)
| Administrative Ruling
(Superseded by subsequent changes to 31 CFR 103.22) (Formerly known as 88-3)
| Administrative Ruling
(Superseded by subsequent changes to 31 U.S.C. 5318) (Formerly known as 88-1)
| Guidance
FIN-1988-R002 (Formerly 88-2)
Ruling This ruling, formerly known as 88-2, 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 Please note that references in this ruling to CTR form numbers are outdated.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 A customer walks into B National Bank ("B") with $ 15,000 in cash for…
| Federal Register Notice
Amendments to the Bank Secrecy Act Regulations Regarding Reporting and Recordkeeping by Card Clubs
Guidance
Anti-Money Laundering Programs and Records in English
Question:My money services business understands that Bank Secrecy Act regulations (31 C.F.R. Part 103) require, among other things, implementing a written anti-money laundering program and maintaining records of certain transactions. Because of the nature of my business, I would prefer to fulfill…