Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums BSA/AML/CIP/OFAC Forum CTR Exemptions Phase II
Thread Options
#2263708 - 12/16/21 03:49 PM CTR Exemptions Phase II
Jennifer Offline
100 Club
Jennifer
Joined: Dec 2014
Posts: 200
Business sells tires and does alignment. Google search also has a similar name, close location for auto sales. My gut tells me not to exempt as it appears to be auto related.

Return to Top
BSA/AML/CIP/OFAC Forum
#2263718 - 12/16/21 05:05 PM Re: CTR Exemptions Phase II Jennifer
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 85,391
Galveston, TX
Hard to say without more information. If it is a tire store, it would be eligible. If you think they also have an arm of the company that sells or buys motor vehicles, then they cannot be exempted.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2263727 - 12/16/21 06:54 PM Re: CTR Exemptions Phase II Jennifer
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,769
On the Net
Time to ask and KYC.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

Return to Top

Moderator:  Andy_Z