RegulationsCâu 65 / 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
Giải thích
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.
Trích dẫn luật: Bank Secrecy ActLuyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A retail communication concerning a registered investment company that includes fund performance generally must be filed with FINRA:
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