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| 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(Superseded by subsequent changes to 31 CFR 103.22) (Formerly known as 89-1)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-…

| 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(Superseded by subsequent changes to 31 CFR 103.22) (Formerly known as 88-4)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(Superseded by subsequent changes to 31 CFR 103.22) (Formerly known as 88-3)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
(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(Superseded by subsequent changes to 31 U.S.C. 5318) (Formerly known as 88-1)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 Please note that references in this ruling to CTR form numbers are outdated.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…

| Federal Register Notice
Amendments to the Bank Secrecy Act Regulations Regarding Reporting and Recordkeeping by Card Clubs
| Federal Register Notice
Notice of Availability of Regulatory Impact Assessment and Initial Regulatory Flexibility Analysis Regarding the Customer Due Diligence Requirements for Financial Institutions
| Federal Register Notice
Customer Due Diligence Requirements for Financial Institutions