Currency Transaction Reports (CTRs) virtual, sheridan

OVERVIEW
The Bank Secrecy Act (BSA) imposes reporting obligations on financial institutions operating in the United States, and one such obligation is the submission of a currency transaction report (CTR). Whenever a customer engages in a currency transaction exceeding $10,000, it is mandatory to complete a CTR, although there are certain exemptions, which we will discuss.

Filing CTRs is a crucial step in preventing money laundering, and it shouldn’t be a challenging task. In our upcoming webinar, we will comprehensively review each box, part, and section of the CTR, addressing potential issues and providing guidance on how to handle them. We will also delve into the guidance issued by FinCEN over the years, offering valuable insights into the CTR completion process

WHY SHOULD YOU ATTEND?
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.

Our comprehensive approach to this critical topic starts with an Introduction to CTRs, providing you with a solid understanding of what Currency Transaction Reports are and why they’re crucial. From there, we’ll guide you through Our Reference Library, helping you build a valuable resource for tackling common CTR filing issues systematically. Stay updated with the Recent Guidance from FinCEN and Other Regulatory Agencies to ensure your reporting stays compliant with the latest regulations.

LEARNING OBJECTIVES
To discuss the significance of Currency Transaction Reports (CTRs) and their role in financial institutions and other industries.
To analyze how to create a valuable reference library to address common CTR filing issues systematically.
To stay updated on recent guidance and regulations issued by FinCEN and other regulatory agencies.
To discuss the CTR form with real-life examples to gain practical insights into the filing process.
To identify common issues encountered during CTR filing and develop effective strategies to overcome them.

AREAS COVERED
Introduction to CTRs
Our reference library
Recent guidance from FinCEN and other regulatory agencies
Walking through the CTR with real-life examples
Discuss common issues and How to deal with them
Identify problems and Equip you with strategies to resolve them
Tips and other thoughts to enhance your CTR filing process

About speaker
Justin brings over 20 years of wide-arranging experience in compliance, training and regulations. 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 JPMorgan Chase’s Compliance Training Manager.

Justin also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function. Some of his vast areas of expertise are : Compliance training programs, managing regulatory projects, lasing with regulators, and identifying gaps/opportunities for improvements in risk mitigation.