Audit Quiz

What is an MIL?

• Monetary Instrument Log

• mTell Inventory Report

• Multiple Instrument Log

Answer explanation

Monetary Instrument Log

How long do we keep customer retained items?

• 60 days

• 90 days

• 30 days

• 14 days

CTR stands for:

____ ____ ____

• Consumer Transaction Report

• Currency Transfer Report

• Currency Transaction Report

Answer explanation

Currency Transaction Report

What are the policy drawer limits? (Top and Bottom)

• 4,000 top

  10,000 bottom

• 5,000 top

  10,000 bottom

• 10,000 top

  4,000 bottom

• 10,000 top

  5,000 bottom

Answer explanation

4,000 top

10,000 bottom

What is the company MIL threshold?

(Numbers)

Answer explanation

3,000-10,000

Where are Domestic Business Wire Transfers processed?

• DASH

• PACE

• mTell

• CCM

What is an MIL used for?

• Transaction Conductor

• Official Checks in Cash

• Large Cash Withdrawal

What is the CTR Federal Threshold?

(Numbers)

Answer explanation

10,000.01

What is a BR-910 and who are they used for?

• Platform Official Checks Log

• Official Check Request Form

  for Business Partners

• Currency Adjustment Request Form

Answer explanation

Official Check Request Form for Business Partners

What is the 2nd Authorization Wire Threshold?

• Over 300,000

• Over 500,000

• Over 250,000

• Over 150,000

Answer explanation

Over 250,000