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Title 31: Filling Out CTRs


Overview/Description
Target Audience
Prerequisites
Expected Duration
Lesson Objectives
Course Number



Overview/Description
The casino industry is a cash business that can be a target for those who want to launder money gained from illegal activities. To prevent that from happening, casinos participate in a process of tracking cash transactions, or other transactions that may look suspicious, and providing that information to law enforcement for investigative purposes. Title 31 of the United States Code is the law that provides casinos and investigative agencies with the tools they need to combat money laundering. Title 31 requires the completion of the Financial Crimes Enforcement Network (FinCEN) Currency Transaction Report (FinCEN CTR) form whenever there are large transactions involving currency. The form is completed when cash transactions exceed $10,000 in a single day. In this course, you will learn when you should fill out a CTR and how to complete the CTR form. This course was developed with subject matter support provided by the Labor & Employment Law Group of the law firm of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC. Please note, however, that the course materials and content are for informational purposes only and do not constitute legal advice. Nothing herein, or in the course materials, shall be construed as professional advice as to any particular situation or constitute a legal opinion with respect to compliance with any federal, state, or local laws. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship. Readers should not act upon this information without seeking professional counsel. The information contained herein is provided only as general information that may or may not reflect the most current legal developments. This information is not provided in the course of an attorney-client relationship and is not intended to constitute legal advice or to substitute for obtaining legal advice from an attorney licensed in your state.

Target Audience
Casino management, cage cashiers, slot attendants, dealers, casino security personnel, casino compliance officers, any employee handling cash transactions, and all those interested in Title 31 requirements

Prerequisites
None

Expected Duration (hours)
0.3

Lesson Objectives

Title 31: Filling Out CTRs

  • identify transactions that should trigger a CTR
  • recognize how to complete the CTR form
  • Course Number:
    lchr_01_b26_lc_enus