The lowest dollar amount for a cash transaction that would require a CTR.
100
The three sections of the USA PATRIOT Act covered in the presentation.
100
True or False, a CTR only needs to be filed for members of the Credit Union?
100
The monetary amount for filing a SAR where a suspect can be identified.
100
A log of monetary instruments purchased with cash must be maintained between these amounts.
200
A CTR must be filed within this number of days.
200
The minimum information required under section 326 of the USA Patriot Act to identify any person seeking to open an account.
200
True or False, a bank would be considered a Phase II exemption?
200
The monetary amount for filing a SAR regardless of potential suspect.
200
This is what the Acronym SDN stands for in OFAC's SDN list.
300
This is the term for the credit union or branch office conducting the transaction for someone other than their member.
300
The record keeping requirement for BSA, OFAC & USA PATRIOT Act.
300
True or False, a business that typically brings in more than $10,000.00 in cash strictly to pay their employees would be an example of a Phase II exemption.
300
A SAR must be filed within this number of days.
300
True or False, an OFAC check is required on all new employees?
400
These two pieces of information are required for any person completing a cash transaction over $10,000.01.
400
These are the two methods for Information Verification under USA PATRIOT ACT 326.
400
True or False, if someone comes into the branch to withdraw $11,000 from their CP account and deposits it through Shared Branching to a different Credit Union a CTR would be required.
400
SARs filed must be reported to this group of people.
400
These are the five pieces of information about the purchase of monetary instruments that must be included on the log.
500
This is the term for the credit union to whom the member belongs.
500
The section that permits financial institutions to share information with one another concerning activities that may involve money laundering or terrorist activities.
500
True or False, the cash total for a CTR is based on a single cash transaction over $10,000 during a business day.
500
The credit Union has the responsibility to report activities considered suspicious to this network.
500
The two actions required by the Credit Union for an account that has an OFAC match.