Music welcome to this training video where we will show you how to submit a cash threshold report also known as a CTR on the FI C's registration and reporting platform to access the platform visit www.gfi.com/webmonitor homepage and then login enter your username and password details that you created during registration to submit a report cache must have been either paid into or out of your account or received at or paid from your premises let's look at a typical scenario that we will use in this reporting exercise say the accountable or reporting institution AI or RI is institution y and mr. X is their client it is also assumed that you the viewer of this video are the compliance or reporting officer of institution Y and are responsible for reporting to the fic mr. X walks in and pays twenty five thousand rand in cash to institution Y attics premises to report this transaction go to the drop down menu new reports and select web reports the first thing you will need to do is to select which type of report you would like to submit in this case where mr. X made a single cash payment that was above the transaction threshold of twenty four thousand nine hundred and ninety nine R and ninety nine cents a CTR report will be selected if for example mr. X made a payment of ten thousand ran cash in the morning and then later in the afternoon another fifteen thousand Rand was paid in cash to institution Y then this will be reported as a CTR a CTR a stands for cash threshold report aggregation this means that the 10,000 Rand and 15,000 Rand received by institution-wide within 24 hours from mr. X was over the threshold and must...
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Currency Transaction Report Form: What You Should Know
A comment concerning the new form and filing requirements for filing of a SAR by credit unions.
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Video instructions and help with filling out and completing Currency transaction report
