BUS 124: CH 7 ACTUAL COMPLETE EXAM|WITH ACCURATE
QUESTIONS AND VERIFIED ANSWERS|GRADED A
__________ takes place when one bank provides services to another
bank to move funds, exchange currencies, and access investment
services.
Shell Banking
Correspondent banking.
International banking.
Pay-through accounting. Ans✓✓✓ Correspondent banking.
"Smurfing" is:
A method of concealing a weblog.
Transferring small amounts of encrypted information over the Internet.
Frequent transfer of funds in amounts too small to trigger a CTR.
Rotating funds through a series of shell banks in order to break the audit
trail. Ans✓✓✓ Frequent transfer of funds in amounts too small to trigger
a CTR.
, An individual physically transporting more than $10,000 in currency or
monetary instrument into or out of the U.S. at one time must file:
Currency Transaction Report.
Report of International Transportation of Currency or Monetary
Instruments.
Over-Currency Report.
.Suspicious Activity Report Ans✓✓✓ Report of International
Transportation of Currency or Monetary Instruments.
Bank personnel must file this form for transactions exceeding $10,000
Over-Currency Report.
QUESTIONS AND VERIFIED ANSWERS|GRADED A
__________ takes place when one bank provides services to another
bank to move funds, exchange currencies, and access investment
services.
Shell Banking
Correspondent banking.
International banking.
Pay-through accounting. Ans✓✓✓ Correspondent banking.
"Smurfing" is:
A method of concealing a weblog.
Transferring small amounts of encrypted information over the Internet.
Frequent transfer of funds in amounts too small to trigger a CTR.
Rotating funds through a series of shell banks in order to break the audit
trail. Ans✓✓✓ Frequent transfer of funds in amounts too small to trigger
a CTR.
, An individual physically transporting more than $10,000 in currency or
monetary instrument into or out of the U.S. at one time must file:
Currency Transaction Report.
Report of International Transportation of Currency or Monetary
Instruments.
Over-Currency Report.
.Suspicious Activity Report Ans✓✓✓ Report of International
Transportation of Currency or Monetary Instruments.
Bank personnel must file this form for transactions exceeding $10,000
Over-Currency Report.
