Run CTR Exemption Annual Review Checklist — Free

Review Scope and Customer Identification

Customer record and exemption file identified for annual review critical (required)

Yes No N/A

Exemption type confirmed as Phase I or Phase II critical (required)

Annual review period documented

Reviewer confirmed customer legal name and account ownership match the exemption file critical (required)

Yes No N/A

Phase I Exemption Eligibility

Phase I customer still qualifies under the applicable exemption category critical (required)

Yes No N/A

Customer status changes reviewed for mergers, charter changes, ownership changes, or closure critical (required)

Yes No N/A

Current supporting documentation on file for Phase I exemption critical (required)

Yes No N/A

Any adverse findings or exceptions escalated to BSA/AML compliance

Yes No N/A

Phase II Exemption Eligibility

Phase II customer continues to meet the applicable business relationship requirements critical (required)

Yes No N/A

Transaction activity reviewed for consistency with expected exempt activity critical (required)

Yes No N/A

Any cash transaction patterns indicate the exemption may no longer be valid critical (required)

Yes No N/A

Phase II supporting documentation and approval evidence are current critical (required)

Yes No N/A

Review notes capture any required reclassification or removal from exempt status

Documentation, Monitoring, and Recordkeeping

Exemption file includes the most recent annual review date and reviewer name critical (required)

Yes No N/A

Monitoring evidence reviewed for the period under review critical (required)

Yes No N/A

Any missing documents or expired approvals identified critical (required)

Yes No N/A

Record retention requirements met for the exemption review file

Yes No N/A

Corrective action owner and due date documented for any deficiencies

Final Disposition and Sign-Off

Exemption remains valid with no unresolved deficiencies critical (required)

Yes No N/A

Exemption status updated if removal, suspension, or reclassification is required critical (required)

Yes No N/A

Reviewer comments summarize the annual determination

Inspector signature critical (required)

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Run: CTR Exemption Annual Review Checklist

Review Scope and Customer Identification

Phase I Exemption Eligibility

Phase II Exemption Eligibility

Documentation, Monitoring, and Recordkeeping

Final Disposition and Sign-Off

Get your results