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#1161340 - 04/10/09 01:46 PM Exemptions
Bagweaver Offline
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Joined: Nov 2005
Posts: 2,409
SW GA
Since I don't work with BSA as closely as I have in the past, I think I've confused myself with exempted accounts.

Question: When we exempt an account, does it matter if it's a withdrawal or a deposit and is there a threshold for filing any more? In other words, are all transactions exempt from CTRs for the account?
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Semiretired. Working parttime at Historic Westville as a tour guide.

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#1161503 - 04/10/09 03:26 PM Re: Exemptions Bagweaver
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Transactions conducted to and through the exempted DDA or MMDA are exempted for non-listed businesses (cashed checks and currency exchanges, for example, would not be exempted).
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#1161658 - 04/10/09 04:45 PM Re: Exemptions BrendaC
Bagweaver Offline
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Joined: Nov 2005
Posts: 2,409
SW GA
Exempted customer cashes a check for $15,000 on his account for working funds in the store - exempted transaction?
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Semiretired. Working parttime at Historic Westville as a tour guide.

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#1161663 - 04/10/09 04:49 PM Re: Exemptions Bagweaver
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Yes. Transit checks would not be exempted. I should have clarified, sorry.
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Life without Jesus is like an unsharpened pencil - it has no point.

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