Tricky cash transaction? Is a CTR required? This advanced session will go through various scenarios line-by-line and teach you how to gather accountholder information, improve accuracy, and avoid mistakes.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- File accurate CTRs for unique situations
- Detail the importance of providing all information your institution has on file
- Distinguish when to select “Shared Branching,” “Multiple Transactions,” or “Aggregate Transactions”
- Avoid common CTR errors
- Understand the procedures for amending and back filing CTRs
- Use the provided checklist to review CTR accuracy
- Maintain appropriate CTR supporting documentation
One $12,000 cash deposit into one individually owned checking account – 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? How many Part Is are needed for these CTRs? Which boxes get checked and when?
This session will review best practices for obtaining the required CTR information from accountholders. Scenarios will be provided, 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. Join us for this in-depth session!
WHO SHOULD ATTEND?
This informative session is designed for frontline staff, new account representatives, branch managers, BSA officers and staff, compliance officers, and anyone responsible for completing and/or reviewing CTRs.
- Sample CTR procedures
- Sample CTR scenarios for review and training
- Audit checklist for reviewing correct CTR completion
- Cheat sheet for avoiding CTR completion errors
- Employee training log
- Interactive quiz
SPEAKER: Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 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 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.