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Criminal Resource Manual 2038 Exemptions

2038

Exemptions

Section 5318 of Title 31 of the United States Code, 31 C.F.R. §  103.45, and 31 C.F.R. Part 103 "Appendix- Interpretations and Exemptions" provide for certain exemptions from compliance with the reporting requirements. All transactions between domestic financial institutions are exempt. Domestic financial institutions can also request exemptions from the CTR requirements for large-volume customers. Additional exemption authority was granted in 1996. The Department of the Treasury has the power to grant or deny exemptions, and it maintains a list of all bank customers who have been granted exemptions.

[cited in USAM 9-79.200]

Updated February 19, 2015