cams question 386 discussion

View all Certified Anti-Money Laundering Specialist Exam here
back to acams forum

Question 386

Which transaction should result in a SAR/STR filing?

  • A. A small business owner deposits checks totaling $9,950 USD on a daily basis without providing a legitimate purpose. Most Votes
  • B. A small business owner deposits $25,000 USD in cash proceeds with a business equipment bill of sale.
  • C. A national food-chain restaurant with multiple cash transactions at various branch locations.
  • D. A national food-chain restaurant makes multiple, anticipated cash transactions that are above the daily reporting threshold.
Answer:

A


Explanation:
Reference:
https://aml-cft.net/library/suspicious-transaction-report-str-suspicious-activity-report-
sar/

User Votes:
A 110 votes
50%
B 6 votes
50%
C 8 votes
50%
D 13 votes
50%
Discussions
0 / 1000
tinaguha
1 year, 5 months ago

A small business owner deposits checks totaling $9,950 USD on a daily basis without providing a legitimate purpose.

0
Sorak
1 year, 4 months ago

A because the threshold is 10,000

0
AnaA.
1 year, 3 months ago

A. Un propriétaire de petite entreprise dépose quotidiennement des chèques totalisant 9 950 $ US sans fournir de motif légitime.

0
adnan_shaikat
9 months, 1 week ago

A small business owner deposits checks totaling $9,950 USD on a daily basis without providing a legitimate purpose.

0
linhnguyen1811
8 months, 3 weeks ago

A is my answer

0
ndhami
6 months, 2 weeks ago

small business owner deposits checks totaling $9,950 USD on a daily basis without providing a legitimate purpose.

0
dionette_tayl
1 month, 3 weeks ago

A. A small business owner deposits checks totaling $9,950 USD on a daily basis without providing a legitimate purpose.

0