When all the required information is NOT provided by a person purchasing a cashier's check with $8,000 in currency, what should the bank do?
A) Refuse the transaction
B) Complete the transaction and record available information
C) Complete the transaction and file a SAR
D) Complete the transaction and insist that the customer return with the required information
Correct Answer:
Verified
Q249: A compliance officer is constructing a review
Q250: Your bank's president comes back from an
Q251: Your institution has identified a transaction by
Q252: An individual comes into the bank and
Q253: The BSA officer has just been notified
Q255: What should a bank do when it
Q256: ACME Bank is a $600 million institution
Q257: State National Bank is a $250 million
Q258: FA presents cash to the bank and
Q259: Which of the following is NOT considered
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents