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American Bankers Association Exam CRCM Topic 5 Question 85 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 85
Topic #: 5
[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 Princess at Apr 20, 2024, 06:50 PM

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Jean
6 months ago
I see the benefit of both options, but monitoring cash transactions of less than $10,000 for suspicious patterns could also be effective in detecting money laundering.
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Angelica
6 months ago
Completing CTR worksheets on all cash transactions of $5,000 or more can provide important information to track suspicious activities.
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Kiley
7 months ago
I disagree, I believe option B is the best choice.
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Hollis
7 months ago
Completing SAR worksheets on all cash transactions of $5,000 or more can help identify potential illegal activities.
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Emile
8 months ago
Why do you think so?
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Honey
8 months ago
I think option C is the most effective.
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Davida
8 months ago
That could also be effective in detecting money laundering activities.
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Jolanda
8 months ago
What about monitoring cash transactions of less than $10,000 for suspicious patterns?
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Zita
8 months ago
I disagree. Reviewing all deposits of $25,000 or more seems more effective to me.
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Davida
8 months ago
I would say completing SAR worksheets on all cash transactions of $5,000 or more.
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Jolanda
8 months ago
Which option do you think is most effective for strengthening an anti-money laundering program involving cash transactions?
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