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#409965 - 08/18/05 12:50 PM CTR - exempting
Anonymous
Unregistered

Does anyone know if there is a listing anywhere of the types of businesses that cannot be exempt from CTR's?

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#409966 - 08/18/05 01:00 PM Re: CTR - exempting
Kansayaku Offline
Diamond Poster
Joined: Jan 2003
Posts: 1,454
metsuretsu
Look at the regulation. It lists them within the exemption area.

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#409967 - 08/18/05 01:23 PM Re: CTR - exempting
Anonymous
Unregistered

Is not engaged primarily in one or more of the following activities:
a. serving as finanical institutions or agents of financial institutions of any type (including the sale of money orders and lottery tickets, and may also include check cashing services;
b. purchase or sale to customers of motor vehicles of any kind, vessels, aircraft, farm equipment or mobile homes;
c. the practice of law, accountancy, or medicine;
d. auctioning of goods;
e. chartering or operations of ships, buses or aircraft;
f. gaming of any kind (other than licensed paramutuel betting at racetracks);
g. investment advisory services or investment banking services;
h. real estate brokerage;
i. pawn brokerage;
j. title insurance and real estate closing;
k. trade union activities; and
l. any othe ractivities that may be specified by FinCEN.

A business that engages in multiple busines activities may be treated as a non-listed business so long as no more than 50% of its gross revenue is derived from one or more of the ineligible business activities listed above. 31 CFR 103.22 (d)(2)(vi),(d)(6)(viii).

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#409968 - 08/19/05 02:43 AM Re: CTR - exempting
Dolly Nugent Offline
Diamond Poster
Dolly Nugent
Joined: Nov 2000
Posts: 1,820
Southern California
Alos consider reading the BSA Examination Manual. It's a great resource!
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Dolly Nugent
CRCM
Opinions expressed are my own.

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