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Kheng doesn't file a Suspicious Activity Report when a suspected criminal purchases an insurance policy with $6,000 cash because: 1. the newly purchased insurance was

Kheng doesn't file a Suspicious Activity Report when a suspected criminal purchases an insurance policy with $6,000 cash because: 1. the newly purchased insurance was health insurance. 2. the newly purchased insurance was universal life insurance. 3. cash purchases never need to be reported. 4. insurance purchases never need to be reported

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