Banking compliance workflow for Tallyfy

Stay compliant when handling cash over $10,000

CTR requirements exist for good reason, and missing one creates regulatory headaches. This workflow ensures proper identification, documentation, and FinCEN reporting for every large cash transaction without slowing down service.

3 steps

3 fields

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Banking

Run this workflow in Tallyfy

Import this template into Tallyfy and assign tellers and compliance officers to identity verification and CTR filing steps

Capture customer name, transaction amount, and type at kickoff, then collect ID details, SSN, occupation, and source of funds using Tallyfy's required fields

Track each transaction through verification, documentation, and filing in Tallyfy with the CTR reference number recorded for audit

Import this template into Tallyfy

Process steps

Verify customer identity

1 hours from previous step

task

Per BSA requirements, obtain and verify government-issued identification for anyone conducting a transaction over $10,000. Record the ID type, number, and issuing authority. For existing customers, verify the ID on file is current. For new parties, make a copy of the ID.

Form fields in this step

ID Type *

ID Number *

ID Verified *

Document transaction details for CTR

1 hours from previous step

task

Gather all required CTR information: full legal name, address, date of birth, Social Security Number (or alien identification for non-citizens), occupation, and business address if applicable. Ask about the source of funds for deposits or intended use for withdrawals.

Form fields in this step

SSN or TIN Obtained *

Occupation *

Source/Use of Funds *

Process transaction and complete CTR

1 hours from previous step

task

Complete the cash transaction normally. Fill out the Currency Transaction Report with all gathered information. CTR must be filed with FinCEN within 15 days per 31 CFR 1010.306. Note: You cannot tell the customer that a CTR is being filed.

Form fields in this step

Transaction Completed *

CTR Reference Number *