Accounting/Business Law class 5. The same customer comes into a bank each day and purchases...
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Accounting
Accounting/Business Law class
5. The same customer comes into a bank each day and purchases $8,000 worth of traveler's checks. The bank employees suspect that the customer may be engaged in money laundering activity. The bank:
Is required to file a Currency Transaction Report since there were multiple transactions Cannot report these activities since each transaction is less than $10,000 May, but is not required to, file a Suspicious Activity Report Is required to file a Suspicious Activity Report
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