Introductory BSA AML Examiner School Manual Palm Springs 2019

CTR Exemptions

Two types of exemptions: Phase I • Banks

• Federal, state, local government agencies • Entities listed on the stock exchange or any subsidiary of any ‘listed entity’

Phase II • Non-listed businesses or payroll customers

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CTR Exemptions

Phase I • Designation of Exempt Person (DOEP) report

Phase I Annual Review • Information supporting certain designation of exemption must be reviewed and verified by the bank for at least once per year.

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