Skip to content
BOL Conferences
Thread Options
#1916737 - 04/23/14 02:30 PM Termination of Exempt Customer
Web Offline
Gold Star
Joined: May 2005
Posts: 316
Is there a form to file to terminate an exempt customer from CTR filing status. I have one i need to revoke. Does that need to be done online?

Return to Top
BSA/AML/CIP/OFAC Forum
#1916759 - 04/23/14 03:03 PM Re: Termination of Exempt Customer Web
devsfan Offline
Diamond Poster
Joined: Jun 2004
Posts: 1,927
NYC
You could just begin to file CTRs.

Return to Top
#1916763 - 04/23/14 03:07 PM Re: Termination of Exempt Customer Web
JacF Offline

Power Poster
Joined: Nov 2001
Posts: 6,719
PA
If you would like to document the revocvation of the exemption, this is done using the same DoEP form that is used for granting exemptions. The regulation does not require that you file the revocation (a fact that has always puzzled me), but there's no downside in doing so.

Return to Top
#1916773 - 04/23/14 03:16 PM Re: Termination of Exempt Customer Web
Web Offline
Gold Star
Joined: May 2005
Posts: 316
Thanks!

Return to Top

Moderator:  Andy_Z