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Question 233

Which of the following transactions requires completion of FinCEN Form 104, a CTR?

    Correct Answer: A

    A Currency Transaction Report (CTR), also known as FinCEN Form 104, is required for transactions involving cash amounts greater than $10,000. Among the given transactions, the deposit of checks totaling $12,000 to a checking account meets this criterion, as it involves a total exceeding $10,000. The other options either involve smaller amounts or types of transactions that do not meet the threshold for filing a CTR.

Discussion
Cam22Option: D

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