Posted By: Piano Man
Exempt Date - 09/16/05 08:52 PM
We reciently had a BSA exam and we had several exempt forms with the incorrect date. The accounts were older and I can not for the life of me find the first date we could exempt. By older I mean we have dates of exemption in the 80s. Can anyone point me in the direction of where to find this or tell me the very first date that a company could have been exempt. I know it is the date of the first exempt transaction, but some of these accounts were opened doing reportable transactions before we could even exempt is what our auditor said.