SIE practice questioneasySARs reporting
Which report must broker-dealers file if they suspect potential money laundering activity?
- AForm U4
- BForm 8-K
- CSuspicious Activity Report (SAR)✓ Correct answer
- DCurrency Transaction Report (CTR)
Explanation
Why C — Suspicious Activity Report (SAR)
Broker-dealers must file a Suspicious Activity Report (SAR) if they detect possible money laundering or suspicious transactions. The other forms are unrelated.
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