Teller Compliance Training: Reg CC, CTR and UCC 3 and 4

This webinar will provide an overview of the Bank Secrecy Act (BSA) and Regulation CC. It will explain how and when to place holds on deposits. Attendees will understand red flags concerning money laundering and how to complete a currency transaction report (CTR).

Why Should You Attend:

Tellers are generally the face of the institution and see the clients more often than other positions within the company. Tellers have to be familiar with many laws and requirements affecting deposits. Two of the most complex are Regulation CC and the Bank Secrecy Act (BSA). Regulation CC specifically defines the parameters to make funds available for withdrawal in accordance with specific timeframes. The Bank Secrecy Act requires the filing of currency transaction reports (CTRs) and suspicious activity reports (SARs). These must be done within specified timeframes, on particular forms, and completed accurately.

This webinar will discuss in detail the requirements of the BSA and Regulation CC. It will explain when to hold funds from a deposit and when to let the monies be made available more quickly. Attendees will learn how to handle suspicious activity issues and how to complete a currency transaction report.

Areas Covered in the Webinar:

• Thorough overview of holds: case-by-case and exceptions
• Understanding of when to place holds
• Liabilities of check parties
• Customer's duty to report an unauthorized signature
• Customer's right to stop payment
• CTR Filings: proper completion and when to file
• Money Laundering Red Flags: how to handle and reporting to the BSA Officer
• Privacy of consumer data and conversation

Who Will Benefit:

• Tellers, Head Tellers, and New Accounts
• Chief Compliance Officers
• Internal Auditors
• Risk/Fraud Officer
• Legal Department Personnel