Increase your regulatory reporting efficiency
Currency Transaction Reports (CTRs) can be time consuming processes fraught with potential error.
Nasdaq Verafin scans all transactions in your core system to fully automate your CTR creation and submission process. The latest FinCEN report is auto-populated with all necessary data and electronically filed directly with FinCEN.
Features
Benefits
Capture your potential CTRs
Nasdaq Verafin will auto-generate a CTR based on a customer’s transactions. It also creates “potential” CTRs for you to review when a customer uses an ATM to deposit funds and the contents of the ATM envelope, if cash, will require submission of a CTR.
No more searching for data
No more digging through endless reports to determine when or if a CTR is required. No more back and forth between headquarters and multiple branches to gather incomplete reports or fix mistakes. Nasdaq Verafin auto-populates CTRs with all required information.
Examiner-friendly audit trails
Nasdaq Verafin maintains a log of all user activity, showing who generated, reviewed, and submitted the report. Plus, system-generated copies of your CTRs are archived for a minimum of seven years. It all adds up to smoother BSA exams and happy examiners.
Never miss a due date
The CTR homepage provides you with a quick view of reports sorted by their submission deadline.
