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#1140585 - 03/05/09 04:50 PM CTR Exemption Filing --Biennial Renewal by Marc
tommie Offline
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Joined: Mar 2009
Posts: 5
I have recently been appointed the BSA officer and have recently attended a seminar for BSA. Since I am new to this, I am helping the person responsible for the filing of the Exemptions.

Are the Phase I and Phase II Biennial Renewals still required to be filed by March 15, 2009?

Please post and help me out on this topic!!!!

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#1140596 - 03/05/09 04:56 PM Re: CTR Exemption Filing --Biennial Renewal by Marc tommie
Elwood P. Dowd Offline
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Biennial renewals were never required for Phase I exempt persons. Regulations that took effect January 5, 2009 eliminated biennial renewal filings for Phase II exempt persons.
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#1140765 - 03/05/09 06:30 PM Re: CTR Exemption Filing --Biennial Renewal by Marc Elwood P. Dowd
tommie Offline
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As you have stated, then I can tell my person who is responsible for the CTT exemption renewals that she will not need to file the renewal for 2009 by March 15th for Phase II persons.

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#1141026 - 03/05/09 10:34 PM Re: CTR Exemption Filing --Biennial Renewal by Marc tommie
John Burnett Offline
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Yes. Just remember, though, that you still have to review your exemptions (except for banks and government entities) annually.
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#1144365 - 03/12/09 09:25 PM Re: CTR Exemption Filing --Biennial Renewal by Marc John Burnett
dg Offline
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What about Phase III?

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