Answer:
If the account has been open for at least 12 months, you have filed at least 8 CTRs in the last 12 months and the business otherwise qualifies, you need wait no longer.
First published on BankersOnline.com 5/07/07
Business Customer Exemption
Answered by:
Question:
We have a business customer that has had an account with us for over five years. They have acquired some new customers and we have started doing a CTR on them almost weekly. How long do I need to wait before I can exempt them?
print
share