Which of the following statements regarding a licensee's reporting obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act is TRUE? If a licensee receives over $5,000 or more in cash in a single transaction, or multiple payments of cash that add up to $5,000 or more in a 24-hour period, the licensee must file a Large Cash Transaction Report within 15 days of the transaction. A Terrorist Property Report must be filed within one year of a transaction where a licensee believes that property under their control is owned by a terrorist group. Even if the monetary amount is small, licensees have an obligation to fill out Suspicious Transaction Reports as soon as practically possible when they determine that there are reasonable grounds to suspect that a transaction is related to money laundering. A hunch that money laundering is occurring, on its own, meets the threshold of "reasonable grounds to suspect" which is required to file a suspicious transaction report