Alert! CTR Changes on Sole Proprietors and Legal EntitiesMonday, March 23rd 2020
10:00 am - 11:30 am CT
Length: 1 hr 30 min Sponsored by Credit Union Webinars
FinCEN ruling FIN-2020-R001, effective April 6, 2020 (September 1, 2020 for e-filing batch filers), makes significant changes in CTR filing requirements for transactions involving sole proprietorships and legal entities operating under a "doing business as" (DBA) name.
FinCEN states that the changes are being made "to both enhance regulatory efficiency and provide complete and accurate CTR data to law enforcement." The new ruling rescinds and replaces FIN-2006-R003 and FIN-2008-R001, both of which were based on the old CTR Form 104.
The webinar will go line by line through the CTR. You will learn how to avoid pitfalls and common errors.
These errors can cost you time and penalties in corrections. You will receive a large handbook of common scenarios at your financial institution plus you will be trained on the latest instructions and interpretations.
What You Will Learn
Changes that will be covered:
Who Should Attend?
This webinar will benefit CTR Managers, BSA Officers, Tellers, Deposit Operations and Training.