Start Date: 9/14/2021 1:00 PM MDT
End Date: 9/14/2021 2:30 PM MDT
With five pages and over 57 fields to complete, crafting an accurate Currency Transaction Report (CTR) is challenging. Even if your data processing system helps you, the wrong user input can land your institution in hot water with examiners, auditors, and the Financial Crimes Enforcement Network (FinCEN). Learning what goes into each field and what is acceptable information is a good start to creating error-free reports.
This webinar will tackle CTR reporting on individual, joint, and business or organization accounts. You’ll learn which fields are mandatory (although all are important) and get FinCEN guidance and FAQs, including recent updates and best practices. Unusual scenarios that can stump even seasoned filers will be included, such as when a person has multiple roles in one or more transactions, reporting related to accounts held in a fiduciary capacity, and more.
Attendance certificate provided to self-report CE credits.