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Question 404

A SAR/STR should be filed when the accountable institution identifies that:

  • A. a customer makes a cash deposit in round dollars.
  • B. cash transactions have values which avoid reporting thresholds. Most Votes
  • C. an alert is generated by a transaction monitoring system.
  • D. an employee is not clearing alerts in a timely manner.
Answer:

C


Explanation:
Reference:
https://www.fdic.gov/regulations/examinations/supervisory/insights/siwin07/article03_connecting.
html

User Votes:
A 40 votes
50%
B 265 votes
50%
C 161 votes
50%
D 11 votes
50%
Discussions
0 / 1000
tinaguha
1 year, 5 months ago

The answer is B and C.

arkonis
1 year, 5 months ago

B implies that there are multiple transactions avoiding the threshold which would be a reason to file a STR

abbass.yousaf2000
1 year, 4 months ago

C. an alert is generated by a transaction monitoring system.

neginarotam
1 year, 4 months ago

B. cash transactions have values which avoid reporting thresholds.

laneshapenrose
1 year, 4 months ago

B.
B. cash transactions have values which avoid reporting thresholds.

Kleopapp
1 year, 4 months ago

B. cash transactions have values which avoid reporting thresholds.

alinemaidla
1 year, 4 months ago

cash transactions have values which avoid reporting thresholds & an alert is generated by a transaction monitoring system.

AnaA.
1 year, 4 months ago

B. cash transactions have values which avoid reporting thresholds.

AnaA.
1 year, 3 months ago

B. les transactions en espèces ont des valeurs qui évitent les seuils de déclaration.

AnaA.
1 year, 3 months ago

D. D. Les transactions en espèces ont des valeurs qui évitent les seuils de déclaration.

AnaA.
1 year, 3 months ago

C. une alerte est générée par un système de surveillance des transactions.

damola.adeyoyin
1 year, 3 months ago

B. cash transactions have values which avoid reporting thresholds

damola.adeyoyin
1 year, 3 months ago

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adnan_shaikat
1 year, 3 months ago

B implies the activity related to Structuring which would be a reason to file a STR

adnan_shaikat
1 year, 3 months ago

cash transactions have values which avoid reporting thresholds.

adnan_shaikat
1 year, 3 months ago

B. cash transactions have values which avoid reporting thresholds

adnan_shaikat
1 year, 3 months ago

B. cash transactions have values which avoid reporting thresholds.

dinbits
1 year, 3 months ago

The expected answer is C. However B is also true since the answer, as it is written, implies intent and a textbook example of surfing.

AravindBharathy
1 year, 2 months ago

B. cash transactions have values which avoid reporting thresholds.

Sheila
1 year, 2 months ago

The answer is B

Sheila
1 year, 2 months ago

The answer is C

manunikhikulkarni
1 year, 2 months ago

C. an alert is generated by a transaction monitoring system.

Nathaly
1 year, 2 months ago

B. cash transactions have values which avoid reporting thresholds.
C. an alert is generated by a transaction monitoring system.

ldj32780
1 year, 2 months ago

B and maybe C.

ldj32780
1 year, 2 months ago

Thanks for submitting , your comment will be approved soon by our moderators

varun_nanda
1 year, 2 months ago

cash transactions have values which avoid reporting thresholds.

Ramzi
1 year, 2 months ago

B. cash transactions have values which avoid reporting thresholds.

Ramzi
1 year, 2 months ago

B. cash transactions have values which avoid reporting thresholds.

elyserrano
1 year, 1 month ago

A Suspicious Transaction Report (STR) is a document that financial institutions must file with their Financial Intelligence Unit (FIU) whenever there is a suspected case of money laundering or fraud.

YZ1301
1 year, 1 month ago

Transaction Monitoring system are designed with Algorithms at Back end. TMS some time generate alerts which are not suspicious. If TMS is s accurate then no need of AML specialist.

sunnyvarughese
1 year, 1 month ago

an alert is generated by a transaction monitoring system.

sunnyvarughese
1 year, 1 month ago

an alert is generated by a transaction monitoring system.

Tukahirwa
1 year, 1 month ago

B. cash transactions have values which avoid reporting thresholds.

orgertaabazi
1 year ago

C. an alert is generated by a transaction monitoring system.

orgertaabazi
1 year ago

C. an alert is generated by a transaction monitoring system

Divyabajaj1990
12 months ago

c an alert is generated by a transaction monitoring system.

sulekhasingh
11 months, 1 week ago

an alert is generated by a transaction monitoring system.

sekijogos
10 months, 3 weeks ago

Should be B

dion_loef
10 months, 2 weeks ago

B. cash transactions have values which avoid reporting thresholds.

relhaddad
10 months ago

cash transactions have values which avoid reporting thresholds.

kmurtaza465
10 months ago

C. an alert is generated by a transaction monitoring system.

Khizer
9 months, 3 weeks ago

an alert is generated by a transaction monitoring system.

talk2preet
9 months ago

Correct answer should be B as not every alert from a TM system results in filing a SAR

Jenren
8 months, 4 weeks ago

Avoid reporting

Josephine
8 months, 3 weeks ago

B avoid reporting thresholds
c. an alert is generated by a transaction monitoring system

farhanromi
8 months, 3 weeks ago

B. cash transactions have values which avoid reporting thresholds.

farhanromi
8 months, 3 weeks ago

B. cash transactions have values which avoid reporting thresholds.

farhanromi
8 months, 3 weeks ago

B. cash transactions have values which avoid reporting thresholds.

farhanromi
8 months, 3 weeks ago

B. cash transactions have values which avoid reporting thresholds.

lamiyehi
7 months, 2 weeks ago

B. cash transactions have values which avoid reporting thresholds.

Chrissy1717
7 months, 1 week ago

Answer is B

nagesh
7 months ago

B. cash transactions have values which avoid reporting thresholds.

Radhika
6 months, 4 weeks ago

B is the answer

ndhami
6 months, 2 weeks ago

cash transactions have values which avoid reporting thresholds.

Hussain
6 months, 2 weeks ago

cash transactions have values which avoid reporting thresholds.

xcheatham
6 months, 1 week ago

B. cash transactions have values which avoid reporting thresholds.

Abhay9582303944
5 months, 3 weeks ago

A and C

rodrigomcf
5 months, 2 weeks ago

B. cash transactions have values which avoid reporting thresholds.

Rbongo1990
4 months ago

C is wrong, TMS can gen. 1000's of alerts, you shouldn't submit an SAR for every alert! That'd be insane!

Salim1475
4 months ago

Looks correct to me

lf
2 months, 2 weeks ago

B. cash transactions have values which avoid reporting thresholds.

dionette_tayl
2 months ago

B. cash transactions have values which avoid reporting thresholds