Lenders typically aren’t involved in the day-to-day recordkeeping and reporting processes of an institution’s BSA/AML/CFT Program. For example, lenders are not going to be tasked with completing a Currency Transaction Report (CTR) and sending that report in to FinCEN. Due to the intricacies of the CTR, that is best left to the experts on the BSA Team. But lenders do need to know what triggers a CTR, what information they might need to collect from a customer and who to ask when they have questions. Lenders play a crucial role in an institution’s BSA/AML/CFT program, it just may look a little different.
Kevin explains more in the video.
Published 2026/03/11