What
CTR
What is a Currency Transaction Report?
What is anything OVER $10,000?
The primary individual requiring a CTR report
Who is the Conductor?
The day of the week CTRs do not need to be completed
Three steps for your role with a CTR regarding the information you collect
What is: Collect, Document, Submit?
The law requiring CTRs to be filed
What is the Bank Secrecy Act?
The time period where transactions are aggregated for CTR reporting
What is one day?
Anyone else on the account that benefits from the transaction
Who are secondary individuals that requiring a CTR?
Steps to take if a member requests information on CTRs
What is explain the process and then provide the" Notice to customers: A CTR reference guide"
Member sells $8,500 worth of illegal street drugs and deposits it into his account. No other transactions took place that day. CTR?
No Need, SIR might not be a terrible idea
Using accounts or transactions to avoid populating a CTR
What is Structuring?
What is a deposit through the Night Deposit?
Next steps after Computer/Human error results in the CTR screen getting closed.
What is running CTR member or CTR non-member program again?
A fine of up to $250,000 and/or 5 years in prison can result from this
What is knowingly disregarding the need to complete a CTR?
Exempt Entity
Who is someone that does not require CTR reporting?
The types of transaction that can require a CTR
What are deposits, withdrawals, currency exchange, or other payments/transfers?
This is found in the main menu, and is used when a CTR needs to be filled out for someone who is not on the account
What is a Non-member CTR?
The steps after the transactor refuses to give info for CTR
What is
Refuse Transaction, File SIR:
BONUS Question: What does SIR stand for?
If a member deposits $11,000 in mixed bills over three different transactions, and then withdraws $4000 in $20 bills, does a CTR need to be filled out?
What is Yes :)
The abbreviation "FINCen" stands for this
What is The United States Department of the Treasury's Financial Crimes Enforcement Network
The time after a transaction in which a CTR must be filed
What is 15 days?
Someone who does NOT need a CTR completed for a transaction on an account they are part of
Who are signers on a business account?
This is when you would fill out a new CTR for a Conductor making another transaction in the same day
Who is Neither member?