American Bankers Association Exam CRCM Topic 1 Question 105 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 105
Topic #: 1

For which of the following is a bank most likely to be in danger of receiving a cease and desist order?

ARepetition in a BSA examination of a noncritical deficiency reported in a previous BSA examination

BFailure to document AML training to its part-time clerical employees

CA 2 percent error rate on the bank's CTRs

DFailure to file suspicious activity reports

Show Suggested Answer

Suggested Answer: D

by Joseph at Jan 15, 2025, 04:40 PM

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6 days ago

I'm not sure, but I think C) A 2 percent error rate on the bank's CTRs could also be a cause for concern.

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9 days ago

I agree with Jodi. Failing to report suspicious activity is a serious violation.

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13 days ago

Definitely D. Failing to file SARs is a huge red flag for regulators. That's just asking for trouble.

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14 days ago

I think the answer is D) Failure to file suspicious activity reports.

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