Has anyone found any guidence on the level of tolerance for error a bank has for currency transaction reports. I know there are banks that let tellers file magnetically and the CTR doesn't even go through much of a review period. Our bank has teller fill out CTR, have a review person at branch, and then send to our Assistant BSA Officer for review, then it is sent to IRS. We sent out over 1800 last year. I am just trying to get a feel on what would be a fair percentage of error, in other words, has anyone had a regulator say , " Okay, your bank needs to slow down on the CTR errors. " We do a self assessment and any error the BSA Officer finds, we amend, and I feel this is a good procedure. Any feedback is much appreciated.
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