Suspicious activity reporting:
A)Only applies to banking transactions
B)Is mandated by state,but not federal,regulations
C)Is mostly concerned with embezzlement issues
D)Is a requirement under the Sarbanes-Oxley Law of 2002
E)none of these

Question

Quizplus · Accepted Answer

Suspicious activity reporting is a requirement under the Bank Secrecy Act (BSA) and is not limited to banking transactions, state regulations, or the Sarbanes-Oxley Law. It covers a wide range of financial activities to detect and prevent money laundering and other financial crimes.

Suspicious Activity Reporting