Answer Choices:
A. When a customer regularly, but on different days, deposits $9,900 into their account in cash.
B. When a person deposits checks for $11,000 every week.
C. A customer withdraws $10,500 from their account in cash.
D. A customer makes a $20,000 Venmo transaction.
Answer:C
Answer Choices:
A. When a customer regularly, but on different days, deposits $9,900 into their account in cash. B. When a person deposits checks for $11,000 every week. C. A customer withdraws $10,500 from their account in cash. D. A customer makes a $20,000 Venmo transaction.
Explanation: A currency transaction report (CTR) is filed with FinCEN on cash transactions that exceed $10,000 in a single day, whether conducted in one transaction or several smaller ones. The transactions can be either deposits or withdrawals and they must be in cold, hard cash.