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#2165214 - 02/20/18 08:00 PM Exemption removed
Susielou Offline
Gold Star
Joined: Aug 2005
Posts: 362
Midwest
If a customer who was exempt as Phase II no longer has cash transactions, do we need to remove the exemption with FINCEN?

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BSA/AML/CIP/OFAC Forum
#2165215 - 02/20/18 08:00 PM Re: Exemption removed Susielou
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
You can file a revocation, but are not required under the regulations.
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