SIE practice questionmediumReporting suspicious activity
If a broker-dealer learns of suspicious activity that may involve terrorist financing, they must:
- AFile a CTR
- BWait until year-end to file a report
- CNo action is required
- DFile a SAR and notify FinCEN✓ Correct answer
Explanation
Why D — File a SAR and notify FinCEN
A SAR must be filed promptly with FinCEN in cases of suspected terrorist financing.
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