Q4 Compliance Test

2. Requires clear disclosure of key terms and annual percentage rates (APRs) for consumer credit
6. Passed in 1970, a U.S. anti-money laundering law.It requires financial institutions to help government agencies detect and prevent money laundering, tax evasion, and other financial crimes.
7. • The U.S. Treasury department that administers and enforces economic and trade sanctions based on U.S. foreign policy.
8. • Filed for any cash transaction over $10,000 in a single business day.
9. a nationwide consumer reporting agency U.S. commercial banks and credit unions use to screen applicants when they try to open a new checking or savings account

1. Preventing money laundering and the financing of terrorist activities through the U.S. financial system is the goal of a...
3. The illegal practice of breaking up a large cash transaction into smaller amounts under $10,000 to intentionally evade a CTR filing
4. The procedural mandate requiring a bank to provide a written notification to a customer specifying exactly why a check deposit is being held longer than standard statutory limits and when the funds will clear
5. is a federal rule implemented by the Consumer Financial Protection Bureau under the Electronic Fund Transfer Act. It protects consumers when using electronic fund transfers (EFTs), such as debit card purchases, ATM withdrawals, direct deposits, and online or telephone payments
10. Filed if an institution suspects insider abuse or transactions that seem linked to illegal activity or attempt to evade BSA reporting