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American Bankers Association Exam CRCM Topic 10 Question 94 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 94
Topic #: 10
[All CRCM Questions]

Which of the following is MOST effective in strengthening an anti-money laundering program involving cash transactions?

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Suggested Answer: D

by Lottie at Aug 06, 2024, 09:56 PM

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Kip
6 months ago
I'm just glad I don't have to deal with this money laundering stuff. Can't they just make it all digital and auCristaate it or something?
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Fredric
6 months ago
Haha, option D is like the 'Where's Waldo?' of anti-money laundering. Good luck finding those suspicious patterns in all that cash!
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Selma
6 months ago
Option A is definitely not the answer. Reviewing all deposits of $25,000 or more is way too high of a threshold, and we all know money launderers are way smarter than that these days.
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Theresia
5 months ago
C) Complete SAR worksheets on all cash transactions of $5,000 or more
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Gearldine
5 months ago
B) Complete CTR worksheets on all cash transactions of $5,000 or more
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Crista
6 months ago
I don't know, option B sounds a bit excessive to me. Filling out CTR worksheets on all cash transactions of $5,000 or more seems like overkill and could be a waste of resources.
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Wendell
5 months ago
I think monitoring smaller transactions could definitely help in detecting patterns.
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Charolette
6 months ago
Maybe option D would be more efficient in catching suspicious activity.
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Ling
6 months ago
I agree, option B does seem like a lot of work.
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Carmen
6 months ago
I think monitoring cash transactions of less than $10,000 is also important to catch suspicious patterns.
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Lajuana
6 months ago
But completing SAR worksheets provides more detailed information.
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Sena
7 months ago
I disagree, I believe option A is better.
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Lajuana
7 months ago
I think option C is the most effective.
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Josefa
7 months ago
I disagree, I believe option C is the way to go. Completing SAR worksheets on all cash transactions of $5,000 or more will help identify potential money laundering activities more thoroughly.
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Trinidad
7 months ago
I think option D is the most effective. Monitoring cash transactions below $10,000 for suspicious patterns can help catch smaller money laundering activities that might slip through the cracks.
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Kristin
6 months ago
I think it's crucial to pay attention to all cash transactions, no matter the amount.
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Dorothy
6 months ago
I agree, monitoring smaller transactions can help detect suspicious activity.
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Janet
7 months ago
Option D is a good choice. It's important to catch those smaller transactions.
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