Title 31 Transaction Reporting for Operations
This course will introduce employees to the key terms related to currency transaction reporting (CTR), multiple transaction log (MTL tracking), reportable and non-reportable transactions, tracking and reporting requirements related to negotiable instruments, deposit accounts, credit accounts and patron identification requirements for large currency transaction reporting.
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Course Details
Learning Objectives
- Identify Key terms related to large currency transactions
- Differentiate between reportable and nonreportable transactions
- Understand how to track transactions using Multiple Transaction Logs (MTL)
- Determine if an entry must be made on the Monetary Instrument Log (MIL) or Negotiable Instrument Log (NIL)
- Recall patron identification requirements
- Identify wire transfer requirements
- Track and report requirements for Credit Accounts
- Understand requirements for Deposit Accounts
- Obtain information required for Safekeeping Accounts
- Know what we are allowed to say to our patrons