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Quickdinero Module I Quiz

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A business is a money service business (MSB) if it offers money orders, currency dealing or exchange, or cash services. Each MSB is required by law to have currency transaction reports, an anti-money laundering compliance program, and file suspicious activity reports. A business may be an MSB if it conducts more than $2,000 in money services with the same person in one day.

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Your business is a money service business if it offers which of the following? Money orders Currency dealing or exchange Cash a & b a, b, & c What is required by law for each MSB to have? Currency transaction reports (CTR) Anti-money laundering compliance program (AML) Suspicious activity reports (SAR) Obtain a monetary instrument log True or False 3. Your business may be an MSB if the business conducts more than $2,000 in money services business activity with the same person (in one type of activity) on the same day 4. Money laundering is concealing illegal activity

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Quickdinero Module I Quiz

  • 1. Your business is a money service business if it offers which of the following? Money orders Currency dealing or exchange Cash a & b a, b, & c What is required by law for each MSB to have? Currency transaction reports (CTR) Anti-money laundering compliance program (AML) Suspicious activity reports (SAR) Obtain a monetary instrument log True or False 3. Your business may be an MSB if the business conducts more than $2,000 in money services business activity with the same person (in one type of activity) on the same day 4. Money laundering is concealing illegal activity