CTR
For any single transaction or aggregate transactions in currency over $10,000, this report must be filed with FinCEN.
What is a Currency Transaction Report (CTR)?
This U.S. Treasury office enforces economic and trade sanctions against countries, individuals, and entities
What is the Office of Foreign Assets Control (OFAC)?
This monthly log tracks sales of monetary instruments and cash advances that involve currency from $3,000 to $10,000 for members and $3,000 or more for non-members.
What is the Monetary Instrument Log (MIL)?
Financial institutions must keep required records for this many years for review by FinCEN and other regulators.
What is five (5) years?
These individuals received CTRs in XP2 for review.
Who is Asst. Manager or Branch Manager?
These organizations must comply with OFAC regulations.
What are all financial institutions?
To complete this log, you record the purchaser’s name, instrument type, date, serial numbers, amount, address, ID, and SSN for non-members.
What are the information fields required for the MIL?
This report is confidential, and the subject is not informed that one has been filed.
What is a Suspicious Activity Report (SAR)?
After the qualifying transaction, this report must be filed within 15 calendar days.
What is the filing deadline for a CTR?
In Bridger, a match score of this number or higher triggers additional steps to confirm the party is not the sanctioned hit.
What is 95?
Cashier’s checks, money orders, traveler’s checks, bank drafts, and Visa gift cards fall under the scope of this log when currency thresholds are met.
What is the Monetary Instrument Log (MIL)?
When activity appears unusual but not necessarily illegal, this internal report is used—and is due to Support Services within 3 calendar days.
What is an Unusual Activity Report (UAR)?
This federal bureau receives CTR filings from financial institutions.
What is the Financial Crimes Enforcement Network (FinCEN)?
Name three situations when you should perform an OFAC check.
What are (examples) checks payable to outside entities, minors, beneficiaries, powers of attorney, authorized users, non-members, and trust names?
Monetary Instrument Log has two distinct logs.
What are members and non-members log?
Name, date of birth, address, and government issued ID.
What are government-required information for Customer Identification Program?