Answer:
You exempt a customer and not a specific account.
First published on BankersOnline.com 5/14/12
2nd Account Exempt from CTR (Phase II)?
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Question:
We have a grocery store customer currently exempted from CTRs with a Phase II exemption. They have opened a new location and a second account. Both accounts are listed under the same TIN. Are the transactions conducted in the new account also exempt from CTR filing? Or do we need to wait and then file a new DOEP?
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