Part One provides a through review of the Currency Transaction Report (CTR) process. We'll cover completing the form and proceed all the way to maintaining exemptions. Learn more about whom you can exempt and whom you cannot exempt. Learn how to complete CTRs with armored cards, aggregation of currency and many special issues on the CTR itself. Include ten Hot Spots for CTR completion, as well as tips for avoiding examination issues.
Part Two provides a comprehensive review of the Suspicious Activity Report (SAR) process. How to complete narratives, common errors, and how to share with law enforcement.
These two sections are a line-by-line look at the forms and your requirements to file. Time lines, identification, RSSDs, and exemptions will all be covered.
What You Will Learn:
- How to aggregate currency transactions
- Filing and record retention
- CTR back filing
- Phase I exemptions
- Phase II exemptions
- Nonlisted businesses
- Ineligible businesses
- What is a motor vehicle?
- Armored car rules
- Mergers, revoking exemptions, maintaining a current exempt list
- Line-by-line review of the CTR and how to complete it
- From Red Flag to SAR – time lines and continuing SARS
- How to complete the narrative – 24 points to cover
- How to file joint SARs
- How to cover the crimes
- Who you can share with – law enforcement
- Reporting to the Board
Who Should Attend?
Tellers, BSA Officers, Compliance Officers, Training and Branch Operations.
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