Which of the Following Transactions Need Not Be Reported to AUSTRAC

question 14

Multiple Choice

Which of the following transactions need not be reported to AUSTRAC by a cash dealer?

• A)A $15 000 cash deposit by a customer.
• B)A request by a customer to transfer $2000 from their account to an account in Hong Kong.
• C)A $5000 cash deposit by a customer followed immediately by a second deposit in the amount of $6000.
• D)A payment in cash of $8000 by a customer.

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Definitions:

Organizational Effectiveness

The measure of how successfully an organization meets its goals and objectives, often evaluated through productivity, efficiency, and profitability.

Action Learning

A reflective process where participants work on real challenges, applying knowledge and taking action, and learning from their experience as they solve real-world issues.

Punishment

A consequence or penalty given in response to an undesired behavior, intended to decrease that behavior's occurrence.

Paycheck

The method by which employees receive wages or salary from their employer, typically in the form of a paper check or direct deposit.