Capital City Bank is required to maintain certain records when we sell various financial instruments (money orders or cashier checks) for cash in amounts from $3,000 to $10,000. Records are retained for a minimum of 5 years. The required records of financial instrument sales must be available to the IRS or bank examiners upon request. To avoid possible violation of the Right to Financial Privacy Act (RFPA), our records for instrument sales should not contain extraneous information about the client. The log is electronically maintained in the teller system at Capital City Bank..

Multiple or concurrent purchases that take place at one time with the same associate or during the same visit to the bank are treated as one purchase (aggregation). Aggregation is required if an associate has knowledge of numerous transactions for one client on any business day.  CCB's internal computer system allows personnel in the Bank Secrecy Act (BSA) department to aggregate transactions conducted by or for the same person at different offices.

Purchases of various financial instruments (money orders or cashier checks) with cash in amounts from $3000 - $10,000 should be processed at the teller line to ensure record keeping requirements for these transactions are captured appropriately.

See Monetary Instrument Log and Capturing Benefactor / Transactor Information for further information.