BSA/AML: Completing the CTR fully covers the currency transaction reporting compliance needs of a bank. The course explains the need for and parameters of CTR filing as well as the key aspects of completing electronically filed CTRs. It explores each section of the CTR and provides instructions on how to complete each form field. This course also includes a discussion of how to complete the CTR for armored car deliveries. This course provides examples of multiple transactions and explains aggregation at various levels including customer, account, and conductor focused CTRs.
After completing this course, students will be able to:
• Identify the circumstances when a Currency Transaction Report (CTR) should be filed
• Learn how to aggregate multiple transactions for reporting purposes
• Complete the three steps in a Currency Transaction Report