RegulationsPregunta 65 de 110
A customer deposits $12,000 in cash in a single business day. The firm must file:
a.A Suspicious Activity Report only
b.A Currency Transaction Report
c.Form 1099-B with the IRS
d.Nothing, because the deposit is under $25,000
Explicación
Currency transactions of more than $10,000 in one business day trigger a Currency Transaction Report under the Bank Secrecy Act, regardless of whether anything appears suspicious. A SAR is required only when the activity itself raises suspicion. Form 1099-B reports proceeds of sales, not deposits.
Referencia Legal: Bank Secrecy ActPractica las 110 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A retail communication concerning a registered investment company that includes fund performance generally must be filed with FINRA:
- Which practice is permitted when presenting mutual fund performance in a retail communication?
- A firm wants to include a customer testimonial in a retail communication. Which requirement applies?
- When a firm files a Suspicious Activity Report on a customer's transactions, the firm:
- A firm's customer identification program must, at a minimum, collect which information from a new individual customer?
- Before opening an account, a firm must check the prospective customer's name against the list of Specially Designated Nationals maintained by:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con FINRA Series 6 — Investment Company & Variable Contracts Rep · Cómo revisamos