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
Understanding the Math of HR… So You Can Show How HR Impact…
Sunshine Act Reporting - Clarification for Clinical Research
I-9 Audits: Strengthening Your Immigration Compliance Strat…
Re-imagine Finance & Accounting Made Simple. Three Webinars…
FFIEC BSA/AML Examination Manual: What Compliance Officers …
How to Address ISO's New Climate Change Requirements
Stay Interviews: A Powerful and Low-Cost Employee Engagemen…
How To Conduct An Internal Harassment And Bullying Investig…
Managing Toxic & Other Employees Who Have Attitude Issues
Effective Onboarding: How to Welcome, Engage, and Retain Ne…
Analytical Method Validation Under Good Laboratory Practic…
Do's and Don'ts of Documenting Employee Behaviour, Performa…
Onboarding New Hires: Leverage the Potential of Artificial …
Do's and Don'ts of Giving Effective Feedback for Performanc…
Tattoos, hijabs, piercings, and pink hair: The challenges …
How to Document Employee Discussions and Why it is Important
Using Behavior Based Interviewing for Finding the Best Matc…
Project Management for HR, Administrative Professionals, an…
Stressed Out: How to Handle Conflict, Difficult People and …
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
Best Practices for Working With Vendors and Suppliers
Understanding the Artificial Intelligence Landscape
Marketing to Medicare or Medicaid Beneficiaries - What You …
Independent Contractor vs. Employee New Rule Issued by The …
Principles & Practices for the Cybersecurity of Legacy Medi…
Accounting For Non Accountants : Debit, Credits And Financi…
The Top Ten Excel Functions Everyone Should Know
Ultimate Persuasion Strategies! - Secret Influence Tools & …
Clinical Trial Systems: The Trial Master File (TMF) and Ele…
Improving Employee Engagement & Retention Through Stay Inte…
Dealing With Difficult People In Life & Work
Fair Lending in Q2 2024: new regulations, examinations, and…
Beyond ‘Illegal’ Interview Questions: What Recruiters & Hir…
FDA Regulation of Artificial Intelligence/ Machine Learning
Form 1099 Update 2024: Latest Forms, Rules and Reporting Re…
Coming Soon - New Minimum Salary Levels for Exempt Employee…
Building Fair Chance Hiring Policies in 2024
Coaching & Retaining Your Talent - Quality Performance by G…
Bootcamp for New Managers and Supervisors: Avoid These 7 Mi…
Writing Techniques for Auditors and Risk Management Profess…
Emotional Intelligence: Mastering the Emotions of Great Lea…
Outlook - Master your Mailbox - Inbox Hero Inbox Zero
Effectively Handle Toxic People for Better Productivity and…
HR 101 - Bootcamp Basics for New Human Resource Professiona…