Quiz for B2B: CTR – The Basics
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Question 1 of 10
1. Question
- CTR’s are required for every transaction:
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Question 2 of 10
2. Question
2. CTR filing is required for aggregated cash transaction over $10,000 –
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Question 3 of 10
3. Question
3. For CTR purposes – currency includes:
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Question 4 of 10
4. Question
4. CTRs allow for optional filing under the safe harbor as well
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Question 5 of 10
5. Question
5. When a runner for a business deposit over $10,000 in cash – do they need to be included in the CTR? (Pick the most correct)
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Question 6 of 10
6. Question
6. When determining whether there is a reportable transaction, the bank needs to include deposits or withdrawals included at all branches and any other deposit/withdrawal taking locations?
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Question 7 of 10
7. Question
7. In general – on a joint account – for a deposit(s) in excess of $10,000 who should get reported?
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Question 8 of 10
8. Question
8. In general – on a joint account – for a withdrawal(s) in excess of $10,000 who should get reported?
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Question 9 of 10
9. Question
9. Do you need to file a CTR on structured transaction?
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Question 10 of 10
10. Question
10. Who is not eligible for phase I exemption?