CTRs & SARs

Wednesday, February 20, 2013

10:00 - 11:00 am CST

Speaker: Mary Lou Heighes, Compliance Plus, Inc.

About the Program

Old paper forms for Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) are going away, replaced by the new format which will only be available online. All credit unions (unless granted an exemption by FinCEN) now need to file Bank Secrecy Act (BSA) reports electronically. By next spring, the new formats will be required and the old (legacy) forms will be retired. But the new formats are already available on FinCEN’s e-filing system, so credit unions should be preparing to use them long before the mandatory deadline. If you batch file or rely on your data processing system to help populate the forms for filing electronically, there are significant changes your processor must be working on right now in order to meet the spring deadline. Learn what you need to know to be prepared.

Related Files

Printable Brochure (Adobe PDF File)