Introductory BSA/AML Examiner School, Providence, RI

Transaction Testing On the basis of a risk assessment, prior examination reports, and a review of the bank’s audit 

findings, select a sample of filed CTRs) to determine whether: • CTRs are completed in accordance with FinCEN instructions.

• CTRs are filed for large currency transactions identified by tellers’ cash proof sheets,  automated large currency transaction systems, or other types of aggregation systems that  cover all relevant areas of the bank, unless an exemption exists for the customer. • CTRs are filed accurately and completely within 15 calendar days after the date of the  transaction. • The bank’s independent testing confirms the integrity and accuracy of the MIS used for  aggregating currency transactions.  If not, the examiner should confirm the integrity and  accuracy of the MIS. • The examiner’s review should assess whether tellers have the capability to override currency  aggregation systems.  If so, the examiner should review controls in place to ensure the  override capability is used appropriately.  Controls may include supervisory approval,  generation of exception reports, and BSA officer and internal audit review of exception  reports. • Discrepancies exist between the bank’s records of CTRs and the CTRs reflected in the BSA‐ reporting database.