SAR – Multiple Choice

1. When must a SAR be filed? *

a) Within 7 days

b) Within 30 calendar days of detecting suspicious activity

c) Within 1 year

d) Only if confirmed illegal

2. What should a SAR include? *

a) Minimal information

b) As much detail as possible, even if unclear

c) Only the customer’s name

d) Marketing suggestions

3. Failing to file a SAR may result in: *

a) Faster operations

b) Financial penalties and reputational damage

c) Lower compliance costs

d) Employee promotions

4. SAR requirements include: *

a) Confidentiality

b) Public posting

c) Customer approval

d) Marketing review

5. 'When in doubt…' *

a) Ignore

b) Report

c) Wait

d) Ask the customer

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