Answer by Kathleen Blanchard: You will need to be more specific as to what they are exempt from.
Answer by Randy Carey: If they mean from currency transaction reporting, the answer would be yes. That is about the only thing I can think of.
Answer by John Burnett: I agree. They qualify automatically as "exempt persons" and their transactions in currency need not be reported.
First published on BankersOnline.com 12/17/12