Accurately Completing the CTR Line-By-Line
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
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.
Presented By
Brode Consulting Services, Inc.
© 2024 FINANCIAL EDUCATION & DEVELOPMENT, INC
