Welcome to the “Currency Transaction Reports (CTR)” lesson which covers the Currency Transaction Report. This lesson is the second of three in the “Bank Secrecy Act Basics” course, which gives financial institution employees a preliminary overview of the BSA and its mandated forms. After viewing this lesson, financial institution employees will understand the rules, requirements, and exceptions of the CTR, as well as how to respond to suspected structuring.
Overview
COURSE DIFFICULTY
COURSE DURATION
8m
Skills Learned
After completing this online training course, students will be able to:
Understand the Fundamentals of the Bank Secrecy Act
Identify the Requirements for Currency Transaction Reports
Recognize Common Compliance Issues and Solutions
Complete and File Currency Transaction Reports Accurately
Analyze the Impact of CTRs on Anti-Money Laundering Efforts
Compliance Officers, Bank Tellers, Financial Analysts, Risk Management Professionals, Auditors
None
01. Introduction to the Bank Secrecy Act
02. Overview of Currency Transaction Reports
03. Compliance Requirements and Guidelines
04. Common Pitfalls in Reporting
05. Best Practices for Effective Reporting
SKILLS LEARNED
Skills Learned
After completing this online training course, students will be able to:
Understand the Fundamentals of the Bank Secrecy Act
Identify the Requirements for Currency Transaction Reports
Recognize Common Compliance Issues and Solutions
Complete and File Currency Transaction Reports Accurately
Analyze the Impact of CTRs on Anti-Money Laundering Efforts
WHO SHOULD ATTEND
Compliance Officers, Bank Tellers, Financial Analysts, Risk Management Professionals, Auditors
PREREQUISITES
None
COURSE OUTLINE
01. Introduction to the Bank Secrecy Act
02. Overview of Currency Transaction Reports
03. Compliance Requirements and Guidelines
04. Common Pitfalls in Reporting
05. Best Practices for Effective Reporting
