Currency Transaction Reporting: “Quirks and Quarks”

Recorded: May 8, 2025
Presented by: Mark Dever, AAP, CAMS, Director, Forvis Mazars, LLP

A two-hour webinar to update members of the compliance and internal audit staffs on the “challenges” presented when completing the CTR. An integral part of the BSA landscape for fifty-five years (20.8 million were filed in 2023), 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 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
• 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 ProBank Education Services will provide the compliance and internal audit staffs with a current “snapshot” of the challenges associated with the proper completion of the CTR.