In order to be considered an MSB, what must currency dealers or exchangers transact in an amount greater than?

To be classified as a Money Services Business (MSB), currency dealers or exchangers must conduct transactions that exceed $1,000. This threshold is established in accordance with federal regulations that define the activities of MSBs under the Bank Secrecy Act (BSA). Specifically, any currency exchange or dealer that engages in transactions above this amount is required to register as an MSB and comply with relevant reporting and recordkeeping requirements.

Transacting in amounts greater than $1,000 serves as a critical marker, as it signifies a level of activity that could fall within the purview of anti-money laundering (AML) measures. These regulations are intended to help detect and prevent illicit financial flows, thereby enhancing overall financial system integrity.

The other amounts, while they may represent significant figures in various contexts, do not meet the federally established threshold for MSB designation, making them incorrect choices for this specific question regarding currency dealer or exchanger transactions.