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 will discuss this and more during the webinar and, other common issues that occur and ways to deal with them.
WHY SHOULD YOU ATTEND?
Under the Bank Secrecy Act (BSA), there are reporting obligations for financial institutions doing business in the US. A currency transaction report is one of those obligations. A CTR must be filled out whenever a customer conducts a currency transaction over $10,000. There are some exemptions which we will go over as well. Remember with CTRs, it is a form we file to help prevent money laundering,
We are going to work through a CTR, address common issues, build our reference library and go over some real-life examples.
AREA COVERED
- 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.
Under the Bank Secrecy Act (BSA), there are reporting obligations for financial institutions doing business in the US. A currency transaction report is one of those obligations. A CTR must be filled out whenever a customer conducts a currency transaction over $10,000. There are some exemptions which we will go over as well. Remember with CTRs, it is a form we file to help prevent money laundering,
We are going to work through a CTR, address common issues, build our reference library and go over some real-life examples.
- 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
- Staff members who are responsible for completing and/or reviewing CTRs.
- Managers who oversee the filings of CTRs.
Speaker Profile
Justin 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 training plan through a thorough training needs analysis. Previously, he served as Macquarie Group’s Head of Americas Compliance Training and J.P. Morgan Chase’s compliance training manager. He also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function.
Upcoming Webinars
Hybrid Workplace: 10 Best Practices to Manage Your Team’s P…
Human Factors Usability Studies Following ISO 62366 and FDA…
FDA Technology Modernization Action Plan (TMAP) and Impact …
Currency Transaction Reports (CTRs) - how to avoid issues w…
FDA Audit Best Practices - Do's and Don'ts
The Anti-Kickback Statute: Year in Review
Do's and Don'ts of Giving Effective Feedback for Performanc…
Interviewing Skills for Supervisors and Hiring Managers: Ke…
Utilizing HR Metrics to Illustrate & Improve Human Resource…
Managing Termination of Employment in the Canadian Workplac…
Supplier Management: Overcoming Challenges and Exploring Op…
Kicking your Employee Retention Efforts into Overdrive: Sta…
The Totally Organized Professional Is All About Outcomes
Data Integrity and Privacy: Compliance with 21 CFR Part 11,…
Ultimate Persuasion Strategies! - Secret Influence Tools & …
Understanding the incredible uses and fallbacks of ChatGPT
Accounting For Non Accountants : Debit, Credits And Financi…
Project Management for administrative professionals
Gossip-Free: Leadership Techniques to Quell Office Chatter
21 CFR Part 11 - Compliance for Electronic Records and Sign…
Coaching At Work- Improving Employee Engagement And Perform…
Using High-Performance Coaching for Managers to Address Per…
Onboarding is Not Orientation: How to Improve Your New Hire…
Excel - Pivot Tables - The Key To Modern Data Analysis and …
California Meal and Rest Breaks: What You Dont Know Can Cos…
Writing Techniques for Auditors and Risk Management Profess…
Responding to EEOC Discrimination Charges-What's Your Busin…
When Employees Travel: Wage and Expense Rules Employers Mus…
Female to Female Hostility @Workplace: All you Need to Know
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Implementing an Effective Human Error Reduction Program
Conflict Resolution - Prevent, De-escalate, Resolve
Form 1099-MISC and 1099-NEC Compliance Update 2024
Validation Statistics for Non-Statisticians
Why EBITDA Doesn't Spell Cash Flow and What Does
Understanding the Math of HR… So You Can Show How HR Impact…
Sunshine Act Reporting - Clarification for Clinical Research
Re-imagine Finance & Accounting Made Simple. Three Webinars…
How to Address ISO's New Climate Change Requirements
FFIEC BSA/AML Examination Manual: What Compliance Officers …
How To Conduct An Internal Harassment And Bullying Investig…
Stay Interviews: A Powerful and Low-Cost Employee Engagemen…
Effective Onboarding: How to Welcome, Engage, and Retain Ne…
Managing Toxic & Other Employees Who Have Attitude Issues
Analytical Method Validation Under Good Laboratory Practic…