05/21/2007
When completing a Currency Transaction Report involving foreign currency, what would the originating country be for Euros? According to my research the Euro (EUR) is the official currency of the Euro zone/Euro area which includes such countries as Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia and Spain. We have tried imputing EU in our system for European Union, but according to FinCEN, this abbreviation is for Europa Islands. Our system will not accept "Europe." Any light you can shed on this would be much appreciated.
05/07/2007
Do you have any tips for detecting counterfeit checks?
04/23/2007
If a customer requests to see some form of notification in writing regarding large currency transaction reporting, is there a disclosure or some form of signage we can use in the branches for customers who inquire about this?
04/09/2007
Are title companies required to complete CTRs and/or SARs?
02/26/2007
I have recently moved into the compliance area at our bank. The previous compliance officer revoked CTR reporting exemptions for sole proprietorships. Is there anything in the regulations that prohibits us from granting an exemption from CTR reporting requirements to a sole proprietor?
02/05/2007
If we adopt the overall bank policy that we will no longer sell monetary instruments to non-customers, and in addition require our customers to deposit cash into their accounts and then debit their accounts for official check purchases, will we still have to keep the Monetary Instrument Sales Form and Log? Can we adopt this policy and pass our examinations?
01/22/2007
Which organizations and institutions are automatically exempt from CTR reporting?
01/02/2007
What is the definition of structuring? What is the difference between smurfing and structuring?