AML/Currency Transaction Reporting
AML CTR (Currency Transaction Reporting) Operations
- Research customer transactions
- Meet regulatory requirements
- Understand and identify behavioral patterns that could lead to impacts to the integrity of financial institutions, customers and reputational risk
Process is automated via application but, requires analytical and investigative decisioning if transactions are meeting normal behavior patterns identified via regulatory guidelines.
Currency Transaction Reporting: regulatory obligations regarding Currency Transaction Reports (CTRs): United States Federal law requires financial institutions to report currency (cash or coin) transactions over $10,000 conducted by, or on behalf of, one person, as well as multiple transactions that aggregate to be over $10,000 in a single day. These transactions are electronically reported on Currency Transaction Reports (CTRs). The federal law requiring these reports was passed to safeguard the financial industry from threats posed by money laundering and other financial crime. To comply with this law, financial institutions must obtain personal identification information, such as a Social Security number and a driver’s license or other government issued document, about the individual conducting the transaction, whether this individual has an account relationship with the institution or not.
- Banking Retail Teller system
- Knowledge of Transaction Types (Check's Cashed / Withdrawal / Credit Card Advance / ATM)
- AML CTR experience a plus
- Lexis Nexis
- Excellent Communication skills (verbal/written)
- Enterprise Products (Retail / Commercial Product/Process knowledge)
- CAMS Certified a plus
- 2- 4 year degree preferred