CTR's

Posted By: dziadziu

CTR's - 02/04/09 03:38 PM

My branch completes the CTR's and the forward them to Bank Operations for review and mailing to IRS. We have a Compliance Group and I believe it should be their responsibility. Any thiughts
Posted By: BrendaC

Re: CTR's - 02/04/09 03:59 PM

Bank systems generally drive where a CTR is actually prepared. If the personnel responsible for reviewing the forms are properly trained, this sounds feasible to me. Compliance should periodically review CTRs filed for accuracy and timeliness.