Advanced CTR Completion: Beyond Basic Transactions

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!

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