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Under the Bank Secrecy Act, When Must Financial Institutions Report

Question 25

Multiple Choice

Under the Bank Secrecy Act, when must financial institutions report transactions?


A) When a cash deposit of more than $2,000 is made by someone with a middle-eastern name.
B) When an account is opened by anyone from a terrorist sponsoring nation.
C) Any transaction over $10,000.
D) All of the above.

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