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"
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
large-volume customers. Additional exemption authority was granted in 1996.
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]