SIE practice questionmediumReporting AML suspicious activity
When must a SAR be filed if no suspect can be identified?
- AWithin 10 days
- BWithin 60 days
- CWithin 90 days
- DWithin 30 days of initial detection✓ Correct answer
Explanation
Why D — Within 30 days of initial detection
Even when no suspect is identified, a SAR must be filed within 30 days of detecting the activity.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Anti-Money Laundering & Reporting questions
- When a broker-dealer appoints a new AML compliance officer, what must they do?
- Which FINRA rule requires firms to report disciplinary actions against registered representatives?
- If a registered representative is subject to significant disciplinary action, when must customers be notified?
- How frequently must an AML program be independently tested for compliance?