Advanced CTR Training: Beyond the “Textbook”
Date(s) - 08/05/2020
2:00 pm - 3:30 pm
Advanced CTR Training: Beyond the "Textbook"
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!
Attendance certificate provided to self-report CE credits.
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.