American Bankers Association Exam CRCM Topic 7 Question 104 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 104
Topic #: 7

[All CRCM Questions]

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

AReview all deposits of $25,000 or more

BComplete CTR worksheets on all cash transactions of $5,000 or more

CComplete SAR worksheets on all cash transactions of $5,000 or more

DMonitor cash transactions of less than $10,000 for suspicious patterns

Show Suggested Answer

Suggested Answer: D

by Coral at Dec 06, 2024, 05:04 AM

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Minna

4 days ago

Haha, I bet the bank tellers are going to have a field day with all the CTR worksheets if they go with Option B. Talk about paperwork overload!

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Janae

7 days ago

But completing SAR worksheets on all cash transactions of $5,000 or more would help identify suspicious activities.

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Nichelle

10 days ago

I disagree, I believe option A is better.

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Karl

10 days ago

I disagree, I think Option C is the way to go. Completing SAR worksheets on all cash transactions of $5,000 or more will give you a much more comprehensive view of the activities.

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Janae

15 days ago

I think option C is the most effective.

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Wendell

17 days ago

Option D seems like the most effective approach. Monitoring smaller cash transactions for suspicious patterns can help catch potential money laundering activities that might slip through the cracks.

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Joesph

5 days ago

User 2: I agree, monitoring smaller transactions is key.

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Kimberlie

9 days ago

User 1: I think option D is the best choice.

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