Currency Transaction Reporting: “Quirks and Quarks” – ON-DEMAND WEBINARS

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SKU: SWCTQ Category:
Overview

Recorded: September 20, 2021

Presented by: Mr. Mark Dever, Vice President and Senior Consultant, FORVIS

A two-hour webinar to update members of the compliance and audit staffs on the “challenges” presented when completing the CTR.

An integral part of the BSA landscape for fifty-one years, proper CTR completion continues to play a critical role in a financial institution’s overall compliance with the BSA. FinCEN and its law enforcement partners continue to utilize information provided through BSA filings in their efforts to confront serious threats, including terrorist organizations, rogue nations, WMD proliferators, foreign grand corruption, and increasingly serious cyber threats as well as transnational criminal organizations. This webinar will review feedback from seminar attendees and examiners on the proper completion of the CTR.

Here’s What You’ll Learn:

  • Basic CTR filings;
  • Currency Reporting on Sole Proprietorships;
  • Currency Reporting on Legal Entities;
  • Currency Reporting on Joint Personal Accounts;
  • Currency Reporting on Trust Accounts;
  • Currency Reporting on Government Entities;
  • FinCEN 2012-G001;
  • Part 1, Line 2 completion;
  • Multiple vs Aggregated Transactions;
  • Bank to Bank Currency Transfers;
  • Armored Car Transports;
  • Exemption Reminders; and
  • Allow questions from participants.

Recent well-publicized BSA enforcement actions, fines, and deferred prosecution agreements continue to support a climate proving BSA compliance remains of paramount importance to all financial institutions. This two-hour webinar from FORVIS will provide the compliance and audit staffs with a current “snapshot” of the challenges associated with the proper completion of the CTR.

Who Should Listen

This webinar will be of most value to members of the compliance community responsible for compiling, reviewing, and filing the Currency Transaction Report, and it will also assist them in meeting their annual BSA training requirements. The webinar will also be helpful to senior audit managers and members of the audit team responsible for performing the independent testing for compliance with the BSA.

​Program Level: Basic

Prerequisite/Advanced Preparation: Basic Knowledge of AML/BSA Regulations

Delivery Method: Group Live Webinar

Copyright Disclaimer

Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.