Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: D

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

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Kip
5 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?
upvoted 0 times
...
Fredric
5 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!
upvoted 0 times
...
Selma
5 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.
upvoted 0 times
Theresia
4 months ago
C) Complete SAR worksheets on all cash transactions of $5,000 or more
upvoted 0 times
...
Gearldine
4 months ago
B) Complete CTR worksheets on all cash transactions of $5,000 or more
upvoted 0 times
...
...
Crista
5 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.
upvoted 0 times
Wendell
4 months ago
I think monitoring smaller transactions could definitely help in detecting patterns.
upvoted 0 times
...
Charolette
4 months ago
Maybe option D would be more efficient in catching suspicious activity.
upvoted 0 times
...
Ling
5 months ago
I agree, option B does seem like a lot of work.
upvoted 0 times
...
...
Carmen
5 months ago
I think monitoring cash transactions of less than $10,000 is also important to catch suspicious patterns.
upvoted 0 times
...
Lajuana
5 months ago
But completing SAR worksheets provides more detailed information.
upvoted 0 times
...
Sena
5 months ago
I disagree, I believe option A is better.
upvoted 0 times
...
Lajuana
6 months ago
I think option C is the most effective.
upvoted 0 times
...
Josefa
6 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.
upvoted 0 times
...
Trinidad
6 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.
upvoted 0 times
Kristin
5 months ago
I think it's crucial to pay attention to all cash transactions, no matter the amount.
upvoted 0 times
...
Dorothy
5 months ago
I agree, monitoring smaller transactions can help detect suspicious activity.
upvoted 0 times
...
Janet
5 months ago
Option D is a good choice. It's important to catch those smaller transactions.
upvoted 0 times
...
...

Save Cancel