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.
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.