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#58826 - 02/03/03 07:30 PM BSA - Exempting Finance Company
OnTheEdge Offline
Diamond Poster
Joined: Apr 2002
Posts: 1,677
SmallTown, USA
The way I read the section that identifies ineligible businesses for exemptions, is a finance company can not be exempted. This particular finance company happens to be an affiliate. Please share your thoughts. - Thanks TJ
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General Discussion
#58827 - 02/04/03 04:14 PM Re: BSA - Exempting Finance Company
OnTheEdge Offline
Diamond Poster
Joined: Apr 2002
Posts: 1,677
SmallTown, USA
Surely, someone has some thoughts they are will to share. (PLEASE!)
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The opinions expressed are mine and do not necessarily reflect those of my employer.

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#58828 - 02/04/03 04:30 PM Re: BSA - Exempting Finance Company
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,180
Toano, VA
If you're publicly traded and it's a sub, it may qualify for Phase I exemption.
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...gone fishing.

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#58829 - 02/05/03 09:58 PM Re: BSA - Exempting Finance Company
Dolly Nugent Offline
Diamond Poster
Dolly Nugent
Joined: Nov 2000
Posts: 1,820
Southern California
Call your regulator and ask them. That's what I would do.
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Dolly Nugent
CRCM
Opinions expressed are my own.

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