Currency Transaction Reports (CTRs) - How to Avoid Issues with Filing!
Duration : 60 Minutes
Justin Muscolino,
Justin Muscolino brings over 20 years of wide-ranging experience in compliance, training, and regulation in the financial services sector. Most recently, he served as Head of Compliance Training at Bank of China where he led the compliance training function and created and monitored the annual tra Read more
Think about all that time you are spending on CTRs dealing with "common" issues. What if we can alleviate those concerns and help you build a reference library? That's what we are going to do during this training.
CTRs are required to be filed out by financial institutions (other industries too!) for any type of transaction conducted over $10,000. To determine if a CTR is required, is the simple part. Filing out the form requires you to have certain knowledge of your customer. Most of this information was obtained during the onboarding process. This is one part of the equation; The next part is understanding the financial transaction that occurred. That means knowing the conductor, where the money was deposited, whether an armored car was involved and a lot more..
We are going to work through a CTR, address common issues, build our reference library and go over some real-life examples.
Course Objectives:
During this webinar, we will discuss common issues that occur and ways to deal with them, FinCEN guidance, regulatory implications for not filing or even incorrectly, and real-life examples.
Course Outline:
• Introduction to CTRs
• Our reference library
• Recent guidance from FinCEN and other regulatory agencies
• Walking through the CTR with real-life examples
• Discussion on common issues and how to deal with them!
• Tips and other thoughts
Who Will Benefit:
• Staff members who are responsible for completing and/or reviewing CTRs.
• Managers who oversee the filings of CTRs.
o Risk Management
o Operations
o Technology
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
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