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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 95 votes
50%
B 5 votes
50%
C 6 votes
50%
D 8 votes
50%
Discussions
0 / 1000
tinaguha
1 year, 3 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, 2 months ago

A because the threshold is 10,000

0
AnaA.
1 year, 1 month ago

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

0
adnan_shaikat
6 months, 4 weeks ago

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

0
linhnguyen1811
6 months, 2 weeks ago

A is my answer

0
ndhami
4 months, 1 week ago

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

0