Webinar: Accurately Completing the CTR Line-By-Line
June 18, 2024 3:00 pm - 4:30 pm
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
Speaker: Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services.
Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.