Stuart: 772-283-3660 | Port St. Lucie: 772-335-1896

Anti-Money Laundering Required Annual Training

Anti-Money Laundering

Required annual training

1 / 7

What is the purpose of an AML Policy?

To improve customer service

To prevent money laundering

To increase profits

To reduce taxes

2 / 7

Which transactions require Form 8300?

Over $1000

All transactions

Transactions over $10000

Cash transactions over $10000

3 / 7

How long do we have to report a transaction that requires reporting?

Until tax season

End of calendar year

15 days

30 days

4 / 7

Who is our AML Compliance Officer?

Keith

Antonio

Carolina

5 / 7

What should you do if a customer refuses to provide ID when required?

Ask them repeatedly nicely

Report to a manager

Call the police non emergency line

Give them a bad customer review

6 / 7

How long must records be kept of large cash transactions?

5 years

30 days

10 years

Until the money is in the bank

7 / 7

What is transaction structuring

Creative use of credit cards, cash and PayPal to make the sale happen

Breaking a sale into multiple cash transactions to stay under the limit

Payment over time

Using a stolen card

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