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American Bankers Association Exam CRCM Topic 3 Question 106 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 106
Topic #: 3
[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 Truman at Jan 27, 2025, 12:12 PM

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Barrett
4 days ago
I think reviewing all deposits of $25,000 or more would catch more suspicious activity.
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Crissy
5 days ago
Why do you think option A is better, Barrett?
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Rima
7 days ago
I think option D is the way to go.
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Barrett
9 days ago
I disagree, I believe option A is better.
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Gearldine
11 days ago
I'm a little confused - is this an exam on anti-money laundering or accounting? Either way, I'm going with C. Can't go wrong with SAR reports!
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Casandra
12 days ago
I'm going with A. Reviewing all deposits over $25,000 is the most comprehensive approach, in my opinion.
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Alonzo
5 hours ago
User 1: I think B is the best option. Completing CTR worksheets on all cash transactions of $5,000 or more is crucial.
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Crissy
12 days ago
I think option C is the most effective.
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Glenn
18 days ago
B is the obvious choice. Completing CTR worksheets is a no-brainer for a strong AML program.
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Lashawnda
20 days ago
D sounds good to me. Monitoring smaller cash transactions can help catch shady behavior that might slip through the cracks.
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Iesha
2 days ago
A) Review all deposits of $25,000 or more
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Evette
1 months ago
I think option C is the way to go. Suspicious activity reports are crucial for an effective anti-money laundering program.
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Jin
16 days ago
User 2
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Pearlie
24 days ago
User 1
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