SIE Exam Question 562: Answer and Explanation

Question: 562

A currency transaction report (CTR) is a report that U.S. financial institutions are required to file with which of the following?

• A. FinCEN
• B. FINRA
• C. NAIC
• D. NASD

Correct Answer: A

Explanation:

A currency transaction report (CTR) is a report that U.S. financial institutions are required to file with FinCEN (Financial Crimes Enforcement Network).