Advanced CTR Completion: Beyond Basic Transactions
Go beyond the basics with this advanced CTR training that will delve into complicated transactions and go line-by-line through all 57 data fields. You’ll get tips for accuracy, learn best practices, garner a loaded take-away toolkit, and discover how to avoid errors.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Detail the requirements for each field on the Currency Transaction Report (CTR)
- Properly complete CTRs for sole proprietorships, legal entities, and other account ownership types
- Explain the importance of providing all the information your institution has on file
- Distinguish when to select “Shared Branching”, “Multiple Transactions”, or “Aggregate Transactions”
- Avoid common CTR reporting errors
- Use provided checklist to review CTRs for accuracy
- Understand situations where CTRs may lead to SARs
WEBINAR DETAILS
One $15,000 cash deposit into one individually owned checking account – a CTR you could file in your sleep. But what if cash is delivered by an armored car service on behalf of an accountholder? What if cash is deposited into multiple accounts with the same beneficial owner? What if an individual conducts multiple cash deposits and withdrawals from both individually and jointly owned accounts? What about depositing cash into an estate account? How many Part 1s are needed for these CTRs? Which boxes get checked and when?
This session will review best practices for obtaining the required CTR information from accountholders and completing each of the 57 fields on the form. It will walk through several examples, including those tricky transactions for joint accounts, fiduciaries, and trusts. Each scenario will be covered line-by-line to demonstrate how to properly complete each CTR data field and avoid common mistakes. Don’t miss this jam-packed session!
WHO SHOULD ATTEND?
This informative session is designed for frontline staff, new account representatives, branch managers, BSA officers, BSA staff, compliance officers, and any employee responsible for completing and/or reviewing CTRs.
