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Which of the following transactions requires completion of FinCEN Form 104, a CTR?
Suggested Answer: D
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13 comments · newest first
CA
Cathern
11 months ago
B is under the limit, so it doesn't count.
BE
Bernadine
11 months ago
Wait, are you sure about that? Seems high for just cashing a check.
SO
Sol
11 months ago
I thought it was only for cash deposits, not checks.
TO
Tonette
11 months ago
Definitely D! Cashing a $14,000 check is a big deal.
GL
Glory
11 months ago
A CTR is needed for cash transactions over $10,000.
RE
Reita
12 months ago
I feel like D is definitely a candidate since it’s cashing a check for a large amount. But I’m not sure about A either.
CO
Coral
12 months ago
I’m a bit confused about the thresholds. I thought cash withdrawals under $10,000 didn’t require a CTR, so maybe it’s not C?
SA
Sanda
12 months ago
I remember practicing a question similar to this, and I think cash transactions are the key. So, I’m leaning towards B or D.
TA
Tawna
1 year ago
I think the CTR is needed for transactions over $10,000, so maybe A or D? I'm not completely sure.
BE
Beckie
1 year ago
Ah, I see. So the final output will be the updated list with the 10.0 added to each element. Looks like the answer is A.
MI
Mindy
1 year ago
Option C, conducting a Privacy Impact Assessment, seems like the most comprehensive approach here. With all the compliance concerns and potential data breaches mentioned, Penny needs to take a deep dive into the company's privacy practices to identify risks and develop a solid action plan.
MA
Matt
1 year ago
I definitely remember practicing a question where marginal costing was linked to short-term pricing. I think option E is correct.
EL
Elke
1 year ago
Hmm, let me think this through. I know Validate checks the email content, but I'm not sure if it covers grammar and spelling. I'll have to double-check the options to be sure.