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Are employees aware of how to determine a structured or suspicious transactions? Do they know how to report it?

User Esel
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Final answer:

Employees are trained to determine structured or suspicious transactions and know how to report them.

Step-by-step explanation:

Employees are often trained on how to determine structured or suspicious transactions in the context of financial regulations and anti-money laundering measures. They are taught to look for certain red flags that may indicate such transactions, such as unusually large transactions, frequent cash deposits, or transactions involving high-risk jurisdictions.

If an employee suspects a structured or suspicious transaction, they are typically required to report it to the appropriate authority within their organization, such as a compliance officer or a designated anti-money laundering officer.

User Limmy
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