BSA/AML: Exempting Customers from CTR Reporting


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. 


Updated: Aug. 2017
Re-versioned: June 2016

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.

​Course Credits

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​Questions? Please contact training@aba.com for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Frontline Compliance

 
This course is available to ABA Member banks at no cost under a license agreement. Learn more
 

 Registration & Pricing

 

ABA Member • $55
Non-Member • $75

 

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