Get to know CTRs

Occupation

100

^{Example(s) of acceptable responses for the designation of Occupation.}

^{What is =} _{Doctor - Carpenter - Attorney - Truck driver - Retired Teacher - Insurance Salesman}

200

^{Example(s) of UN-acceptable responses for the designation of Occupation.}

^{What is =} Self Employed - Owner - Disabled/unemployed - Consultant - Salesman - Retired - Businessman/Manager - Company Specific names (Costco, Sears, STCU, etc.)

300

^{You must include the _________ if the Member is retired, unemployed, or disabled.}

^{What is =} Profession

400

^{It would be acceptable to enter ___________________ if the Member is disabled and has never worked due to disability.}

^{What is =} Permanently Disabled

500

You don't know the Member's occupation and they have already left.

^{What is =} Call the member

Personal

100

^***_{How should the "Entities involved with the transaction" be labeled based on the type of CTR and with the transaction involvement?}

^{What is =} Conductor (on own behalf)

200

True OR False

^{You are required to ask if the joint owner(s) on a personal account will benefit from a withdrawal.}

^{What is =} False

300

Power of Attorneys would generally only be included in a CTR as the Conductor (______________)

^{What is =} (on behalf of another)

^{***POAs are acting on behalf of another individual}

400

Example(s) of the transactions that require the accurate completion and filing of a CTR.

^{What is =}_{Member deposits or withdraws over $10,000 in cash __ Member makes a loan/credit card payment or payoff with over $10,000 in cash __ Member requests a loan disbursement of greater than $10,000 be payable in cash} __ _{Member initiates a cash advance from their credit card of greater than $10,000} __ _{Member cashes or purchases a negotiable instrument (money order, cashier’s check, or traveler’s checks) with over $10,000 in cash __ A non-member cashes an “on-us” or “transit” check __ A non-member initiates a cash advance from their credit card of greater than $10,000 __ Member initiates a wire transaction with more than $10,000 in cash __ Member requests a foreign currency exchange that is greater than $10,000 __ Two or more business entities have a common ownership and there is reason to believe the businesses are not acting independently.}

500

_The 7 _{items to verify and/or update at the time of the transaction.}

^{What is =} Address - DOB - SSN - Identification # - Phone number ^{(home or primary)} - Gender - Occupation

Non-Personal

100

Once CTR is complete, Airway Heights Branch assigns it back to the Financial Crimes Analyst(s) _______...

^{Who are =} Matt Davis or Kennedy Waterbly

200

Cashing an STCU cashier's check/money order - should it include the account number or the non-member rim

^{What is =} Non-member RIM

300

What makes up a Non-Personal CTR

^{What is =} Business Corporation, LLC, or Partnership, Formal/information Organization, Trusts, Estates

400

What do I put for Identification for a non-personal CTR?

^{What is =} _{Typically, the documents scanned into OnBase for the business, trust, estate, etc. will be what we list on the CTR. Choose “Other” for the ID Type, and then type the name of the appropriate document (e.g., Business license, Trust Instrument or Estate Instrument) in the Other Type of ID field.}  ^{For the Identification Number, put in an applicable number if the document has a number (business licenses will have an ID number, however Trust/estate instruments will not).}  _{Choose the applicable Country and State that issued the document or leave both fields blank.}

500

_The 5 _{items to verify and/or update at the time of the transaction.}

^{What is =} Address - SSN or EIN - Business license number and issuing state information - Business Type/Occupation ^{(nature of business)} - Phone number ^{(home or primary)}

Non-Member

100

True OR False

When cashing an On-Us check written by member - You should include the members account number on the CTR.

^{What is =} False

^{You will need to include the STCU non-member RIM. You will add this number in the Transaction Details screen when creating the CTR in Verafin.}

200

True OR False

When cashing an STCU Cashier's check or Money order - You should include the STCU non-member RIM on the CTR.

^{What is =} True

300

^***_{How should the "Entities involved with the transaction" be labeled based on the type of CTR and with the transaction involvement?}

^{What is =} Cash out = Individual conducting transaction (Conductor (on own behalf))

400

Cashing or exchanging on-us checks and cashier’s checks for ________ and over will need to be checked through the OFAC screening process.

^{What is =} $3000

500

Information needed on the back of an On-Us/Cashier check or Money order

^{What is =} DL # and Expiration date (never hurts to get phone #)