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
Outlook - Master your Mailbox - Inbox Hero Inbox Zero
So, You’re Now the “Boss”: Essential Skills to Succeed as a…
FDA Compliance And Laboratory Computer System Validation
2-Hour Virtual Seminar on the 6 Most Common Problems in FDA…
Managing Toxic & Other Employees Who Have Attitude Issues
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
Managing Complex Projects - Project Management
Tips and Techniques for Conducting an Effective Fraud Risk …
Design Verification, Validation and Testing for Medical Dev…
21 CFR Part 820 - Quality System Regulation - Applying Prin…
Performance Management: Dealing With The Difficult Employee
Treasury Risk Management, Funding, Liquidity, Interest Rate…
OSHA Requirements for Supervisors, Project Leaders & HR - W…
Future-Proof Your Workforce: Mastering Succession Planning …
California Meal and Rest Breaks: What You Don't Know Can Co…
HIPAA Bootcamp for Health Care Providers, Professionals, an…
Essential Job Functions According to the American with Disa…
Improving Employee Engagement & Retention Through Stay Inte…
FFIEC BSA/AML Examination Manual: What Compliance Officers …
Dealing With Difficult People In Life & Work
Introduction to Generative AI for Accountants
Conquer Toxic People - Learn To Protect Yourself And Get Yo…
Updated Metro 2®, e-OSCAR and the New Tougher FCRA/CFPB Com…
3-Hour Virtual Seminar on Excel Deep Dive: Advanced Tips & …
Impact Assessment and Risk Management for Change Control
How to Write Effective Audit Observations: The Principles f…
Surviving and Thriving Organizational Change and Loss: The …
Marijuana: Compliance and Safety in the Workplace
Coming Soon - New Minimum Salary Levels for Exempt Employee…
FDA Regulation of Artificial Intelligence/ Machine Learning
Stressed Out: How to Handle Conflict, Difficult People and …
Data Integrity: Compliance with 21 CFR Part 11, SaaS-Cloud,…
2025 Top Employment Regulations That Will Impact Employers!
How to Handle Workplace Conversations Around Politics and R…
Why EBITDA Doesn't Spell Cash Flow and What Does
How to Give Corrective Feedback: The CARE Model - Eliminati…
SOPs - How to Write Them to Satisfy those Inspectors
Documenting Misconduct that Will Stand Up in Court
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Marketing to Medicare or Medicaid Beneficiaries - What You …
Trial Master File (TMF)/eTMF, & FDAs Draft Guidance for Ele…
Project Management for Non-Project Managers - How to commun…
Tattoos, hijabs, piercings, and pink hair: The challenges …
Human Error Reduction Techniques for Floor Supervisors
Onboarding is NOT Orientation - How to Improve the New Empl…
Building GMP Excellence: A Guide to Implementing Compliant …