Description:
Although completing the CTR may seem straightforward, complex aggregation rules and nuanced scenarios can challenge even the experienced AML/CFT professional. In this session, we will go line by line to highlight common audit findings and challenges the CTR presents to accurate completion. The session will include several sample scenarios to illustrate the multiple roles an individual or business may have relating to a single CTR.
Key takeaways:
- Identify what boxes to check when an individual has multiple roles connected to a single CTR
- List the prohibited words and phrases we should not use on the CTR
- Demonstrate proficiency in aggregating multiple transactions
- Identify the proper use of “unknown” boxes
- Identify key guidance relating to sole-proprietorships, commonly owned corporations, and backfiling
- Demonstrate step-by-step completion of the CTR
Reminder: The registration fee includes live attendance AND a playback recording of the, which is available once the session concludes.
Presenters:
Brian Crow, CAMS
Brian Crow is managing partner and co-president for TCA Compliance and is a nationally recognized BSA/AML expert with a strong bank compliance management background and a welcome ability to provide focused educational support to TCA client banks. Crow most recently was BSA Administrator for a suburban Chicago bank, where his responsibilities included the bank’s annual assessment and audit documentation. Earlier, as Operations Officer at the same bank, Crow monitored AML activity and helped install automated AML software that allowed the bank to transition from paper to electronic CTRs. His activities were responsible for reducing debit card fraud by 95 percent at the bank. Mr. Crow has been, and continues to be, an education consultant for the Glia Group BOL Learning Connect program. It was in this role that Crow was recognized as a Bankers Online Guru in 2011. Like many of us, Mr. Crow began his banking career as a teller, working his way up to branch management responsibilities. He earned a B.A. degree from Concordia University, River Forest Illinois.
November 19, 2024