For which type of accounts must a CTR list all joint owners?

A Currency Transaction Report (CTR) must list all joint owners specifically for joint accounts. This requirement is essential as it ensures that all individuals who have an ownership interest in the account are accounted for in compliance reporting. Joint accounts involve multiple individuals who share the ownership and responsibility for the account, making it crucial to identify all parties involved when reporting large transactions to the authorities.

Having all joint owners listed helps regulatory agencies to have a complete picture of who is controlling the account and aids in the prevention of money laundering and other illicit financial activities. The information collected promotes transparency and accountability, which are fundamental principles of BSA compliance.

For individual accounts, only the single owner is reported, while trust accounts will list the trust itself and potentially the trustee(s) but do not require all beneficiaries to be reported. Business accounts similarly focus on the business entity rather than listing individual owners. Thus, the requirement specifically tailored to joint accounts reflects the need for thoroughness in reporting under the BSA guidelines.