Bank Secrecy for Management and Operations: Exceptions to the Rule

This course, Bank Secrecy for Management and Operations: Exceptions to the Rule, explains customer exemptions from filing the Currency Transaction Report (CTR) and looks at BSA/AML guidelines on the important issue. We discuss Phase 1 and Phase 2 exemptions, under what circumstances they can be used, and what types of customers can be automatically exempted versus those who need FinCEN approval. Upon completion of the course, you’ll know how to handle CTR exemptions at your financial institution in order to comply with the BSA/AML regulations.

Part of our Bank Secrecy for Management and Operations series, this course consists of a video presentation and a quick quiz to test your comprehension. You’ll also find a downloadable reference document covering key points from the video.