Thread Options
#2142163 - 08/15/17 08:18 PM CTR Filed in Error
BSA Chic Offline
Member
Joined: May 2004
Posts: 52
Louisiana
Is there anything required to report to FinCEN to "un-file" a CTR filed in error? Once the corrections are made, a CTR will no longer be required. Thanks!

Return to Top
BSA/AML/CIP/OFAC Forum
#2142176 - 08/15/17 09:20 PM Re: CTR Filed in Error BSA Chic
Midwest BSA Offline
Member
Joined: Sep 2014
Posts: 54
There is not. I called FinCEN about this several months ago. They said to maintain internal documentation on why the CTR was filed in error and store it with the CTR for audit/exam purposes.

Return to Top
#2142204 - 08/16/17 11:40 AM Re: CTR Filed in Error BSA Chic
bcompliance Offline
Diamond Poster
Joined: Sep 2014
Posts: 1,244
You also might want to conduct training after implementing your corrective action to ensure it doesn't happen again.
_________________________
CRCM, CAMS

Return to Top

Moderator:  Andy_Z