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American Bankers Association Exam CRCM Topic 4 Question 90 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 90
Topic #: 4
[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 Salina at Jun 19, 2024, 03:00 AM

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Nathalie
6 months ago
Ah, the age-old question of how to catch the money launderers. Maybe we should just install a giant cash-sniffing dog at the entrance. Woof!
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Dan
6 months ago
Option A? Really? Who deposits $25,000 in cash these days? That's just asking to get robbed. Pass.
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Louis
6 months ago
Option B sounds like a lot of paperwork, but it might be worth it to have a paper trail. I'm not sure I trust the bank tellers to catch everything.
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Tyisha
5 months ago
Francesco: Tyisha, that's a good point. It's important to catch any suspicious activity, no matter the amount.
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Daron
5 months ago
Daron, I think monitoring cash transactions of less than $10,000 for suspicious patterns is also important.
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Francesco
5 months ago
Francesco, I think having a paper trail is important for tracking cash transactions.
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Vanesa
6 months ago
I agree, option B does seem like a lot of paperwork.
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Kasandra
6 months ago
I agree with Francine, option C would provide more detailed information for reporting suspicious transactions.
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Francine
6 months ago
But completing SAR worksheets on all cash transactions of $5,000 or more would help identify suspicious activities.
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Rashida
6 months ago
I disagree, I think option C is the way to go. Completing SAR worksheets on cash transactions of $5,000 or more is crucial for reporting any suspicious activity.
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Delmy
6 months ago
User 2
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Mendy
6 months ago
User 1
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Jaime
7 months ago
I disagree, I believe option A is better.
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Cecilia
7 months ago
I think option D is the most effective. Monitoring suspicious patterns, even in smaller transactions, can help catch potential money laundering activities.
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Madalyn
6 months ago
I think reviewing all deposits of $25,000 or more would also be effective in strengthening the program.
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Dana
7 months ago
I agree, monitoring smaller transactions is key to catching suspicious activity.
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Francine
7 months ago
I think option C is the most effective.
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