|
1.
|
What is your best estimate of the number of CTRs (including amended and backfiled CTRs) that your financial institution filed in each of the following calendar years? (Enter your best estimate, using numeric digits. If your institution did not file any CTRs in a particular year, please enter "0") |
|
|
a. 2004: | CTRs |
|
|
b. 2005: | CTRs |
|
|
c. 2006: | CTRs |
|
2.
|
From 2004 to 2006, what key factors, contributed to any changes in the number of CTRs your financial institution filed? |
|
3.
|
In 2006, what was the primary method your financial institution used to file CTRs? Please click one button | ||
| 1. | |||
| 2. | |||
| 3. | |||
| 4. | |||
| 5. | |||
|
4.
|
Thinking now about filing a CTR for a single transaction made by a new conductor, for a cash deposit or withdrawal from an existing account, how many minutes does your institution typically spend completing each of the following steps? (Please assume that the same CTR is followed through from step "a" to step "f") |
|
|
a. Teller fills out a CTR form for a new conductor (either by hand or through an automated system) | minutes |
|
|
b. Supervisor reviews the form at the branch before submitting it to the BSA Compliance Officer | minutes |
|
|
c. Form submitted to an office that provides centralized support for processing CTRs | minutes |
|
|
d. CTR is reviewed and signed by the compliance officer or an approving official | minutes |
|
|
e. CTR sent to IRS | minutes |
|
|
f. Other steps your institution requires | minutes |
|
|
g. If you mentioned other steps, please describe them. |
|
5.
|
Do you have a system that fills some fields in automatically if the conductor is a repeat conductor? | ||
| 1. | |||
| 2. | (Click to go to Question 6.) | ||
| 3. | (Click to go to Question 6.) | ||
|
|
a. If yes, about how many minutes does it take a teller to fill out a CTR form for a repeat conductor using this automated system? |
| minutes |
|
6.
|
On a typical day, how many minutes does your financial institution spend completing each of the following steps involved in aggregating cash transactions? |
|
|
a. Aggregating cash transactions for a single day across all branches | minutes |
|
|
b. Filling out new CTRs as a result of the aggregation | minutes |
|
|
c. Compliance officer or approving official reviewing and signing CTRs | minutes |
|
|
d. Other steps your institution requires | minutes |
|
|
e. If you mentioned other steps, please describe them. |
|
7.
|
Are the following parts of the CTR filing process done manually (by hand) or are they automated at your institution? Check one answer per row |
| Fully manual | Mostly manual | Equally manual and automated | Mostly automated | Fully automated | Not applicable | ||
|---|---|---|---|---|---|---|---|
|
|
a. Teller fills out a CTR form | ||||||
|
|
b. Form reviewed by a supervisor at the branch before submission to the BSA Compliance Officer | ||||||
|
|
c. Form transmitted to an office that provides centralized support for processing CTRs | ||||||
|
|
d. Cash transactions are aggregated from all branches | ||||||
|
|
e. Aggregated cash transactions are reviewed to see if additional CTRs need to be filed | ||||||
|
|
f. Compliance officer or approving official reviews and signs CTRs | ||||||
|
|
g. CTRs sent to IRS | ||||||
|
8.
|
Does the guidance in the Federal Financial Institutions Examination Council (FFIEC) BSA examination manual adequately explain how to file CTRs in compliance with regulations or not? | ||
| 1. | (Click to go to Question 9.) | ||
| 2. | |||
| 3. | |||
|
|
a. What aspects of the manual are not adequate? |
|
9.
|
How simple or complex is it for your financial institution to complete and file CTRs? | ||
| 1. | |||
| 2. | |||
| 3. | |||
| 4. | |||
| 5. | |||
| 6. | |||
|
10.
|
Do you have any comments you'd like to make about the CTR filing process, particularly concerning the time it takes, the cost, and the ease of the process? |
| Full Report: GAO-08-355 | Table of Contents | Previous | Next |