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Your account owners may have questions about currency transaction reporting (CTR) requirements, the reasons behind it, and how the regulation impacts them. Our Currency Transaction Brochure explains to account owners why they are required to provide information when these transactions occur and what your institution’s obligations are under the Bank Secrecy Act (BSA).
Features
- Uses easy-to-understand language approved by the Financial Crimes Enforcement Network (FinCEN).
- Explains what constitutes structuring, including examples of structured transactions.
- Standardizes the information you provide with language approved by regulators.
- Eases the burden on front-line staff to respond to account owner questions.
- Available in bank (CTR-REF-BROB) and credit union (CTR-REF-BROCU) versions.
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Explains currency transaction reporting to account owners and the requirements under the Bank Secrecy Act.
Currency_Transaction_Brochure.xml
