Mastering CTR and Suspicious Activity Reports

Mastering CTR and Suspicious Activity Reports

Mastering CTR and Suspicious Activity Reports
Monday, January 27, 2020
2:00 pm – 3:00 pm Eastern 

This compliance webinar is designed to be your go-to source for Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) training. We start with an overview of the reporting requirements for CTRs and SARs under the Bank Secrecy Act and walk you through the process of completing the reports accurately and efficiently with tips on how to avoid common errors on SARs and CTRs. 

We will cover how to meet reporting obligations, reporting thresholds, exemptions, timing, refiling of reports, tracking suspicious activity, and reporting continuous suspicious activity in an easy-to-follow format so that both new and experienced personnel will benefit from this informative session.  

What attendees will Learn from the must-attend banking webinar:

  • Tips for ensuring SAR narratives identify the five essential elements of information 
  • The filing triggers for SARS
  • Detailed descriptions for each of the reasons for SAR filing
  • How to complete the SAR narrative
  • When to check multiple reasons for  SAR filing
  • When to file SAR completion for ongoing suspicious activity
  • When a CTR is required
  • How to complete CTRs and aggregate currency transactions
  • CTR aggregation rules
  • Deciding who benefits from a transaction
  • Required documentation and common pitfalls for CTR and SAR reporting
  • Filing and record retention

Speaker:

Dena Somers
Esq / Founder finreg PARTNERS


Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance.

Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by BankersHUB

If you are having issues with registering online, please contact CBAO's Education,Training & Special Events Coordinator, Patti Webb, (614) 610-1877.

Registration Options
Live Webinar: Register for the live event and On Demand Playback. You’ll have an opportunity to ask questions during the presentation.  Registration also includes links to presenter materials, handouts, and pdfs.
Additional Hookups: Registering another banker from a different location
 
When
1/27/2020 2:00 PM - 3:00 PM
Eastern Standard Time

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