Postal Service Practice Exam

When should a customer complete form 8105 A?

1. When mailing large packages

2. When cashing $10,000 or more a day of money orders and purchasing $3,000 a day or more of money orders

3. When opening a new account

4. When applying for a passport

The correct answer is: When cashing $10,000 or more a day of money orders and purchasing $3,000 a day or more of money orders

Form 8105 A is specifically related to the reporting requirements imposed by the Financial Crimes Enforcement Network (FinCEN) for transactions involving money orders and other negotiable instruments. Customers need to complete this form when they are cashing $10,000 or more in money orders in a single day or purchasing $3,000 or more in money orders within a day. This regulation helps in the monitoring of financial transactions to prevent money laundering and other illegal activities. The thresholds set by FinCEN require this information to be documented to ensure compliance with financial regulations. The other options do not align with the purpose of Form 8105 A. Mailing large packages does not require this form, nor is the form used for opening new accounts or applying for passports. Each of these scenarios involves different processes and documentation, which do not relate directly to the reporting requirements established for money orders.