You are customer service officer at a large city bank branch. This morning a client purchased the Australian dollar equivalent of $9,900 in United States currency. You have noticed this client has made this same transactions a couple of times last week. Upon investigation you learn that this client has purchased large sums of foreign currency four times in the last three weeks, but each transaction had been for less than $10,000. You are suspicious of these transactions that the customer is potentially committing financial crime.

Explain briefly who you would report this to and your responsibilities under the Financial Transaction Reports Act with regard to these transactions.