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alisha [4.7K]
3 years ago
5

Currency Transaction Reports mandated by Anti-Money Laundering rules require a report to be filed in which of the following situ

ations?
A) Throughout the course of the trading day, an investor performs several cash transactions in his account which total $12,000.
B) Activities in a customer's account involve a cashier's check in the amount of $3,000 and cash transactions in the account of $8,000.
C) Activities in a customer's account involve a personal check in the amount of $1,500 and cash transactions in the account of $7,000.
D) In one transaction, a customer performs a cash transaction totaling over $9,000.
Business
1 answer:
oksian1 [2.3K]3 years ago
3 0

Answer: A -  Throughout the course of the trading day, an investor performs several cash transactions in his account which total $12,000.

Explanation: Currency Transaction Reports mandated by Anti-Money Laundering rules require a report to be filed when any of the below stated transactions occur in an account.

1. If the daily aggregate cash transactions of an individual exceeds $10,000

2. if 2 different transactions within a 12 months period seems related and their aggregate exceeds $10,000 must be reported.

3. Any suspicious customers action that suggest that they are laundering money or otherwise violating federal criminal laws and committing wire transfer fraud, check fraud, or mysterious disappearances should be reported

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In 2019, Jonathan pays real estate taxes of $18,000 and New York State income taxes of $17,000. Assuming he itemizes, what deduc
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If the USA could produce 1 ton of potatoes or 0.5 tons of wheat per worker per year, while Ireland could produce 3 tons of potat
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2 years ago
The inventory of Bramble Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizab
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$462,562

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Part         Q             Cost per Unit          Net RV            Total

110        620              <u>$121.00</u>                 $127.00          $75,020

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112         540             $101.60                  <u>$97.00</u>           $52,380

113         220            <u>$215.90</u>                $228.60           $47,498

120        440           <u>$260.00</u>                $264.00          $114,400

121      1,400              $20.00                     <u>$1.00</u>             $1,400

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Total                                                                             $462,562

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