1. What must a cashier do to report suspicious activity?

a) Tell their supervisor of any suspicious activityb) Gather and present to your supervisor all the

information and documentation that made the transaction “suspicious”.

c) Show suspicious activity to a coworker

2. What must a supervisor do if there has been suspicious activity?

a) File a SARb) Notify the compliance department about filing

a SARc) Review the transaction for accuracy,

completeness, and concurrence that the activity falls under the definition of “suspicious

d) All of the abovee) B & C

1. What should MSBs look for?a) Insufficient or suspicious informationb) Changes in transactionsc) Inconsistent activity with the customer’s

business or occupationd) Attempts to evade BSA recording or

requirementse) All of the above

1. Agent lists must include the following EXCEPTa) Type of servicesb) Phone numberc) Gross transaction amountd) Depository institutione) Year in which the agent became an agent

2. Who is required to file SARs?a) Money Transmittersb) Money order issuers, sellers or redeemersc) Currency Dealers or Exchangersd) A & Ce) All of the above

3. A SAR should be filed for all of the following EXCEPT

a) Customer’s transactions total more than $2,000* AND the customer is acting suspiciously.

b) If you suspect that a customer’s transactions may be linked to terrorist activity, your firm should immediately call the Financial Institutions Hotline at (800) 556-3974.

c) Any time a customer is acting suspiciousd) For Travelers checks and money orders, a

$5,000 limit may apply

Matching

1. Cash-In and Cash-Out of Large Transactions Reports

2. Kiting Reports3. Money Transfer Reports4. $3,000 Instrument “log”5. Clearance Records6. $3,000 Funds Transfer Reports7. Customer Activity Reports

a) Reports of cash sales of instruments between $3,000 - $10,000

b) these reports include transactions that exceed a certain threshold

c) Issuers of money orders and traveler’s checks prepare, or have systems that generate, daily records of items that have been presented for payment against the issuer’s bank account.

d) depositing and drawing checks between accounts at two or more banks and thereby taking advantage of the time it takes the bank of deposit to collect from the paying bank.

e) daily transaction reports and other reports that identify different groupings of transfer activity processed through their systems

f) Reports generated to monitor individual customer responses or general customer activity

g) Required by BSA regulations, can help money transmitters identify possible structuring patterns.