{ "question_text": "What form is required when a person physically transports more than $10,000 in currency or monetary instruments into or out of the United States, and when must it be filed?", "options": [ "FinCEN Form 105, filed via BSA E-Filing within 15 calendar days of the transport date.", "FinCEN Form 112, filed via BSA E-Filing within 15 calendar days of the transport date.", "FinCEN Form 111, filed via BSA E-Filing within 30 calendar days of the transport date.", "FinCEN Form 105, filed at the port of entry at the time of transport." ], "correct_answer": "FinCEN Form 105, filed via BSA E-Filing within 15 calendar days of the transport date.", "correct_response": "Physical transport of more than $10,000 in currency or monetary instruments across the U.S. border requires FinCEN Form 105 — the Currency or Monetary Instrument Report — filed via BSA E-Filing within 15 calendar days of the transport date. Form 112 is the CTR; Form 111 is the SAR.", "incorrect_response": "The CMIR requires FinCEN Form 105 — not Form 112 (which is the CTR) or Form 111 (which is the SAR). It must be filed via BSA E-Filing within 15 calendar days of the transport date. Filing at the port of entry is not the required mechanism under Florida requirements.", "unsure_response": null, "question_bank": [ { "question_text": "A customer's cash transactions across all Rapido Facil Exchange Co. locations total $11,500 on the same business day. No single transaction exceeded $10,000. Is a CTR required?", "options": [ "Yes — same-day cash transactions by or on behalf of the same person must be aggregated across all Rapido Facil Exchange Co. locations; the $11,500 total exceeds $10,000 and requires a CTR.", "No — the CTR is triggered only when a single transaction exceeds $10,000.", "No — aggregation only applies when the customer conducts transactions at the same location.", "Yes — but only the location where the largest transaction occurred is responsible for filing." ], "correct_answer": "Yes — same-day cash transactions by or on behalf of the same person must be aggregated across all Rapido Facil Exchange Co. locations; the $11,500 total exceeds $10,000 and requires a CTR.", "correct_response": "CTR aggregation applies across all Rapido Facil Exchange Co. locations on the same business day. The $11,500 combined total exceeds $10,000 and triggers the filing requirement, regardless of the size of each individual transaction.", "incorrect_response": "The CTR threshold is applied to the customer's aggregate same-day total across all Rapido Facil Exchange Co. locations — not to each transaction individually. Because the combined total here is $11,500, which exceeds $10,000, a CTR is required. The aggregation rule exists to prevent structuring across branches.", "unsure_response": null }, { "question_text": "Under Florida law, what is the criminal classification for structuring transactions above $20,000 at a money services business?", "options": [ "A second-degree felony.", "A first-degree felony.", "A third-degree felony.", "A civil infraction subject to administrative penalty only." ], "correct_answer": "A second-degree felony.", "correct_response": "Florida law establishes a tiered penalty structure: above $300 is a third-degree felony, above $20,000 is a second-degree felony, and above $100,000 is a first-degree felony. These penalties apply to any person — including employees — who assists in structuring.", "incorrect_response": "Florida law uses a three-tier felony structure for structuring at a money services business: above $300 is third-degree, above $20,000 is second-degree, and above $100,000 is first-degree. Structuring above $20,000 falls in the middle tier — second-degree felony, not first-degree.", "unsure_response": null } ], "enrichment_content": "

Three required reports — at a glance:

" }