Currency Transaction Report Flashcards
1
Q
When a CTR is required
A
Any cash transaction that exceed $10,000 or aggregate within in a day
2
Q
Who is conductor
A
Person requesting/ presenting the transaction
3
Q
Who is the beneficiary for personal and business accounts
A
All account owners that benefit from a transaction
The business itself
4
Q
What info is collected for a CTR
A
Debit card and pin
Passcode is TPSS
5
Q
How to know when to complete a CTR
A
TPT will prompt you after clicking done on a transaction.
6
Q
CTR steps
A
