SIE Exam Practice Question 579
Question: 579
The Bank Secrecy Act of 1970 requires financial institutions to assist U.S. government agencies in detecting and preventing money laundering by filing reports of cash transactions exceeding which of the following daily aggregate amounts?
Correct Answer: B
Explanation:
The Bank Secrecy Act of 1970 requires financial institutions to assist U.S. government agencies in detecting and preventing money laundering by filing reports of cash transactions exceeding $10,000 (daily aggregate amount).
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