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First National Bank has several exempt customers.
* Alpha is an exempt person because its stock is listed on a major stock exchange.
* Beta is an exempt person because it meets the nonlisted customer requirements.
* Zeta is exempt because it is a payroll customer. For which customer(s) must the bank conduct an annual review to determine its continuing eligibility to be exempt from CTR filings?
Suggested Answer: D
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28 comments · newest first
TE
Terrilyn
10 months ago
Not sure about this, seems like Alpha should be fine without it.
PE
Percy
11 months ago
Totally agree, Beta and Zeta should be reviewed!
KI
Kirk
11 months ago
Wait, why does Zeta get exempt? Isn't payroll different?
AL
Aliza
11 months ago
I think only Beta and Zeta need reviews.
CA
Caprice
11 months ago
Alpha needs an annual review since it's publicly traded.
FI
Fidelia
12 months ago
I’m leaning towards Beta and Zeta needing reviews, but I’m not entirely confident. I wish I had reviewed the criteria for each type of exempt customer more thoroughly.
PA
Paz
12 months ago
I practiced a similar question where only certain exempt customers required reviews. I feel like Zeta definitely needs one because of the payroll aspect.
LE
Leslie
12 months ago
I think Beta and Zeta might need annual reviews since they don’t have the same status as Alpha, but I’m a bit confused about the nonlisted requirements.
AS
Ashton
1 year ago
I remember that exempt customers still need some level of review, but I’m not sure about the specifics for each type.
HA
Han
1 year ago
I'm feeling pretty confident about this. The key is to focus on the specific exemption criteria for each customer and determine which ones need an annual review. I think the answer is B and C.
ER
Erinn
1 year ago
This is a tricky one. I'll need to double-check the regulations to make sure I'm not missing any nuances in the exemption rules. Better to take my time and get this right.
MA
Malinda
1 year ago
Okay, I think I've got this. Based on the information provided, it seems like Beta and Zeta are the customers that require an annual review, since they are exempt for reasons other than being a listed company.
AR
Armando
1 year ago
This looks like a straightforward question about exemptions from CTR filings. I'll need to carefully review the details about each customer to determine which ones require an annual review.
SU
Susy
1 year ago
Hmm, I'm a bit confused about the different exemption criteria here. I'll need to make sure I fully understand the requirements for each type of exemption before I can answer this.
BR
Brande
1 year ago
I'm not completely sure, but I remember something about needing the same OS for virtual machines? Is that option B?
FA
Fannie
2 years ago
I'm going with B) and C) on this one. Beta and Zeta both need the annual review to maintain their exempt status. Can't be cutting corners when it comes to those CTR filings, am I right?
TU
Tula
2 years ago
It's important to stay compliant with regulations.
CE
Cecil
2 years ago
Definitely, can't risk any issues with CTR filings.
KE
Kenda
2 years ago
I agree, Beta and Zeta both need that annual review.
JU
Juliann
2 years ago
Okay, let's think this through. Alpha is exempt because they're listed on a major exchange, so no need to review them. Beta meets the nonlisted customer requirements, so they'll need the annual review. And Zeta's exempt because they're a payroll customer, so they'll need it too. Gotta love these banking regulations, am I right?
TA
Tamera
2 years ago
I'm not sure about that. I think only Zeta needs to be reviewed annually.
HA
Haydee
2 years ago
Haha, looks like Zeta's got it easy! Just being a payroll customer gets them an automatic pass. I wonder if they'll throw a pizza party for the bank employees every year instead of a review.
FA
Fallon
2 years ago
Beta and Zeta must conduct an annual review.
AL
Alishia
2 years ago
Zeta must conduct an annual review.
FR
Freeman
2 years ago
Beta must conduct an annual review.
LA
Lashawnda
2 years ago
Alpha must conduct an annual review.
JI
Jimmie
2 years ago
I agree with Chanel. Beta and Zeta need to be reviewed annually to maintain their exempt status.
CH
Chanel
2 years ago
I think the bank must conduct an annual review for Beta and Zeta.