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BSA/AML: Reporting

Description: BSA/AML: Reporting provides an overview of what the Currency Transaction Report (CTR) is used for. This course explains the type of information needed to complete the CTR. It explains the phase I and phase II exemptions under the Designation of Exempt Person (DOEP). This course also explains what a Report of International Transportation of Currency or Monetary Instruments Report (CMIR) is used for, the bank’s role in the use of the report, and the reporting requirements. This course explains what the Report of Foreign Bank and Financial Accounts (FBAR) is used for. It explains the purpose of the Suspicious Activity Report (SAR) and filing requirements.

 

Audience: Bank employees who need a basic understanding of any or all of the reports listed in the course.

 

Learning Objectives: After completing this course, students will be able to:

  • Explain the Currency Transaction Report (CTR) requirements financial  institutions must follow to be in compliance
  • Describe the qualifications and procedures for the Designation of Exempt Person (DOEP)
  • Identify the types of monetary instruments that must be recorded on  a Report of International Transportation of Currency or Monetary Instruments Report (CMIR)
  • Explain the BSA requirements for a Report of Foreign Bank and Financial Authority (FBAR)
  • Describe the purpose of a Suspicious Activity Report (SAR)

Commands