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American Bankers Association Exam CRCM Topic 1 Question 105 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 105
Topic #: 1
[All CRCM Questions]

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

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Suggested Answer: D

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

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Romana
26 days ago
I'm gonna go with D. Skipping on those SARs is like playing hide-and-seek with the feds. Not a good idea if you want to keep your bank's doors open.
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Vashti
9 days ago
User 2: Definitely, it's a serious violation that can lead to a cease and desist order.
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Louvenia
11 days ago
User 1: I agree, not filing SARs is a big red flag for regulators.
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Craig
29 days ago
Haha, B is just lazy. Part-time clerical staff not getting AML training? That's a recipe for disaster. They're probably the ones making the most mistakes!
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Rikki
1 months ago
I'd say C. A 2% error rate on CTRs? That's not gonna fly. The bank's going to get a stern talking-to for sure.
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Ronald
9 days ago
User 2: Definitely, the bank needs to fix that before they get in trouble.
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Audrie
11 days ago
The bank definitely needs to address that issue before it gets serious.
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Lindsey
12 days ago
Yeah, a 2% error rate on CTRs is a big red flag.
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Sean
13 days ago
User 1: I agree, a 2% error rate on CTRs is a big deal.
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Marica
18 days ago
I think C is the most likely reason for a cease and desist order.
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Whitley
2 months 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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Jamie
2 months ago
I agree with Jodi. Failing to report suspicious activity is a serious violation.
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Lera
2 months ago
Definitely D. Failing to file SARs is a huge red flag for regulators. That's just asking for trouble.
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Christa
21 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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German
22 days ago
D) Failure to file suspicious activity reports
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Gilberto
24 days ago
B) Failure to document AML training to its part-time clerical employees
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Cassi
24 days ago
C) A 2 percent error rate on the bank's CTRs
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Ula
1 months ago
A) Repetition in a BSA examination of a noncritical deficiency reported in a previous BSA examination
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Jodi
2 months ago
I think the answer is D) Failure to file suspicious activity reports.
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