Banking Performance Insights – July 21, 2016
Data Management for Currency Transaction Reporting
Many of the systems that are used to track currency transactions are aging and due for replacement. In addition, the Financial Crimes Enforcement Network is proposing changes to the currency transaction reporting (CTR) forms that are used to report cash transactions greater than $10,000. Now is the time for banks to reassess the capabilities of their CTR data systems. This article examines the expected CTR enhancements and outlines some important principles for financial services organizations to apply as they upgrade their capabilities.
DFAST: Achieving Long-Term Value
Crowe Horwath LLP offers stress-testing consulting services focused on addressing three critical areas of concern that complement a powerful proprietary tool.
Crowe helps banks analyze their current states and meet the expanded Office of the Comptroller of the Currency (OCC) Dodd-Frank Act stress-testing (DFAST) requirements.