UARs
When should a UAR be submitted?
What is when an employee witnesses ANY unusual behavior
A QR code or link in a "tax document" is safe if it looks legit.
What is MYTH? Attackers increasingly hide malicious links behind QR codes or shortened URLs—even in attachments and "QuickBooks" notices. Don't scan or click from unsolicited messages.
What does BSA stand for?
What is Bank Secrecy Act
What alert needs to be placed when a member presents a suspicious check for deposit but decides to take the check back?
What is Check Review Alert?
Temporary IDs are __________ forms of ID for CIP.
What is Unacceptable
When selecting the "Referral Type", do you select BSA/AML or Fraud?
BSA/AML
Never sign a blank or incomplete return. Review everything and use a reputable, verifiable preparer.
What is FACT? A myth is "My preparer can file for me if I just sign the blank return."
What does KYC stand for?
What is Know Your Customer?
What level of alerts will prevent any transactions from being processed?
What is Level 9
2 CIP ID's are required for the Confirmed ID Theft Alert. What type of note should be placed? (Think length and where)
What is A non-expiring member-level note
Who is considered an "elder or at-risk person"?
What is Members who are aged 60 or older and members who are age 18 to 60 with physical or mental disabilities
Impostors use official‑sounding names to pressure you. The IRS won't threaten immediate arrest or demand instant payment. Hang up.
What is FACT? A caller from a "tax mediation/resolution agency" can fix my back taxes right now.
What does OFAC stand for?
What is The Office of Foreign Assets Control
A confirmed COMB alert requires which two types of ID?
What is Primary and Secondary
How many CIP IDs are required for a level 7 Suspected First Party alert?
What is One form of ID is required unless otherwise stated in the Notes
Violations may be enforced through civil penalties of up to how much ? $50,000 $100,000 $200,000 or $250,000
$100,000
The IRS will text or email me first if there's an issue.
What is MYTH? The IRS starts with a letter by mail—not an unsolicited text, email or social message. If you get one of those, it's a scam.
What does FinCen stand for?
What is Financial Crimes Enforcement Network
What 5 types of transactions require a signature?
What is Transactions for $10,000.01 or more
IRA transactions
Cash advances
Redeeming savings bonds
Power of Attorney
When establishing membership, what 4 pieces of information are collected as a part of the CIP program?
What is Full name
Date of birth
Physical address
Identification # (SSN, ITIN, EIN or non-U.S. persons identifier)