1. Which of the following is TRUE with respect to suspicious transactions under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act?
2. (1)The threshold for reporting a suspicious transaction is "reasonable grounds to believe".
3. (2)Suspicious Transaction Reports must filed within 30 days of meeting the threshold for the filing
4. of a Suspicious Transaction Report.
5. (3)Suspicious Transaction Reports must be submitted electronically to the Real Estate Council of
6. British Columbia.
7. (4)Potential red flags that could initiate suspicion or indicate that something may be unusual
8. without reasonable explanation are known as money laundering/terrorist financing ("ML/TF") indicators.

1. Carmela has an absolute hatred for visible electric service wires. She is only willing to live in a house that has underground service wiring. She goes to an open house being held by Beatrice and tells Beatrice that she likes the house very much, but is quite disturbed by the electrical wires, which are particularly visible from the family room and kitchen windows. Beatrice informs Carmela that the city encourages homeowners to move their wires underground as part of its beautification project by paying half the cost, and that the charges to Carmela would therefore be minimal. Carmela buys the house and is horrified when she learns from the city clerk that the entire cost of burying the wires must be borne by her and that the cost could exceed $5,000. Which of the following statements is TRUE?
2. (1)Carmela has no right to sue Beatrice because she was only giving her opinion and did not tell Carmela that she could rely on it.
3. (2)If Beatrice made her statement to Carmela knowing that it was false, then she would be liable for damages for deceit.
4. (3)For a "special relationship" giving rise to a duty of care to exist, it is necessary for there to be a contractual relationship between the parties.
5. (4)All of the above statements are true.