Accurately Completing the CTR Line-By-Line

Compliance Frontline & New Accounts Operations Security & Fraud Bank Secrecy Act (BSA)Managers & Supervisors Fraud

On-Demand Webinar:

StreamedJun 18, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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The CTR form contains 57 fields.

Some are straightforward, but some can be tricky – depending on the circumstances. This program will use scenarios to demonstrate proper completion, instill best practices, help you avoid common missteps, and provide a multitude of useful tools. Don’t let the complexities get you down. This highly detailed webinar is just the prescription for your CTR blues.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand 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 the provided checklist to review your CTRs for accuracy

WEBINAR DETAILS

One $12,000 cash deposit into one individually owned checking account is 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 about depositing cash into an estate account? Is it necessary to file an additional Part I 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 go through several examples, including those tricky transactions for joint accounts, fiduciaries, and IOLTAs. 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 anyone who completes and/or reviews CTRs.

TAKE-AWAY TOOLKIT

Sample CTR procedures
Sample CTR scenarios for review and training
Audit checklist for reviewing correct CTR completion
Cheat sheet to avoid CTR errors
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.