Bank Secrecy Act for Managers - 05. Exceptions to the Rule
Typically, when an organization or individual makes a money exchange, like withdrawing or depositing $10,000, you have to file a currency transaction report, or CTR, to help prevent money laundering, but there are exceptions. In this program, we’ll walk through the guidelines provided by BSA/AML regulations for exempting certain businesses from currency transaction reporting requirements. We’ll go over the two categories of exempt businesses: Phase I and Phase II. We’ll talk about which businesses fall into these categories, and why.

The Employee Training & Development library group is designed to build confident, capable, and engaged employees at every level of your organization. From leadership and communication to customer service, time management, and professional growth, these courses empower your workforce with the skills needed to perform better, collaborate more effectively, and advance their careers. Delivered in an engaging, easy-to-assign format, this library helps organizations strengthen culture, improve productivity, and invest in long-term employee success—all from a single, flexible training solution.
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