Legal Ease is a ‘question of the week’ chosen from actual calls and emails received by our compliance team. Specific questions posed by community bankers are answered in an easy to understand format. Citations to relevant regulations and commentary are routinely provided. A ‘compliance tip’ is usually included at the bottom of each Legal Ease as a best practice or something to watch out for. Past Legal Ease are included in a searchable archive here
Question of the Week
We have several related businesses in town that all bank with us – each business is operated independently of each other with their own EIN - however the deposits for all businesses are often deposited into the night drop in the same bag. Do we aggregate these separate deposit amounts for CTR purposes?
Learn the answer here.