BSA/AML: Exempting Customers from CTR Reporting

Course Number: ABA

Course Code: ABA

Explains both phases of the exemption process and the information that is needed and lists the business entities that are not eligible for exemption from CTR reporting. Discusses the reasons for possible decisions to revoke customer exemptions.

Learning Objectives
After completing this course, students will be able to:

-Describe why reporting exemptions advance BSA policy
-Explain the division between exemption “Phases” and the conditions for obtaining exempt status
-Identify changes in business behavior that can cause loss of exemption​

Audience: Any bank employees who need an understanding of the exemption process.

Prerequisites: n/a

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Member Price: $55.00
Non-Member Price: $75.00
Textbook Charge: $0.00

Credits: ICB Certifications: 0.5 CCTS, CFSSP, CLBB, CRCM, CSOP, CTFA (FID), CAFP​

Length: 25 minutes

ABA Training