SIE Exam Practice Question 1002
Question: 1002
Which of the following acts, also known as the Currency and Foreign Transactions Reporting Act, requires financial institutions to assist U.S. government agencies in detecting and preventing money laundering?
Correct Answer: A
Explanation:
The Bank Secrecy Act of 1970, also known as the Currency and Foreign Transactions Reporting Act, requires financial institutions to assist U.S. government agencies in detecting and preventing money laundering.
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