Great Northern Bank makes loans to thousands of individuals and companies. They are under investigation for their handling of several cash transactions of $100,000 or more from a seemingly legitimate business. The federal investigation discovered that the business was a front for an organized crime group selling illegal weapons. Which of the following is true?
a. The bank is not responsible for reporting these transactions based on the Sherman Act.
b. The bank is responsible for reporting these transactions under the USA Patriot Act.
c. The bank is responsible for all the actions of their customers and is therefore liable.
d. The bank may not be responsible for reporting these transactions based on RICO Act.
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