BlackFriday 2024! 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 9 Question 100 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 100
Topic #: 9
[All CRCM Questions]

Mrs. Evans, a customer of First National Bank, deposits $15,000 in cash to her account. During the transaction, Mrs. Evans explains that she received the money in the mail from her sister in Europe. What responsibility does the bank have?

Show Suggested Answer Hide Answer
Suggested Answer: D

by Melissa at Sep 14, 2024, 06:28 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel
Alverta
24 days ago
I bet Mrs. Evans is trying to launder some money. The bank should definitely file that CTR and make her do the CMIR too. Gotta keep an eye out for suspicious activity!
upvoted 0 times
Florinda
12 days ago
C) Complete both a currency transaction report and a CMIR
upvoted 0 times
...
Jerlene
15 days ago
B) Complete a United States Customs form 4790 (CMIR)
upvoted 0 times
...
Mirta
16 days ago
A) Complete a Currency Transaction Report (CTR)
upvoted 0 times
...
...
Tien
30 days ago
Option C all the way! The bank better do both reports, or else they'll be in hot water. Imagine the fines they'd have to pay if they didn't!
upvoted 0 times
Leonora
14 days ago
A) Complete a Currency Transaction Report (CTR)
upvoted 0 times
...
...
Providencia
1 months ago
Hmm, I'm not sure. Maybe the bank should just complete both forms, just to be on the safe side. Wouldn't want the bank to get in trouble for not reporting something they should have, you know?
upvoted 0 times
Mitsue
18 days ago
C) Complete both a currency transaction report and a CMIR
upvoted 0 times
...
Erasmo
19 days ago
B) Complete a United States Customs form 4790 (CMIR)
upvoted 0 times
...
Nieves
21 days ago
A) Complete a Currency Transaction Report (CTR)
upvoted 0 times
...
...
Shantell
1 months ago
I think the bank should complete both a currency transaction report and a CMIR to be safe.
upvoted 0 times
...
Zachary
1 months ago
I'm going with option D. The bank should do the CTR, but also encourage Mrs. Evans to file the CMIR. Gotta cover all the bases, you know?
upvoted 0 times
...
Justine
1 months ago
Definitely a CTR. The bank has to report any cash transaction over $10,000, no matter the source. Better safe than sorry, right?
upvoted 0 times
...
Marva
2 months ago
I agree with Ariel, a CTR should be completed for such a large cash deposit.
upvoted 0 times
...
Vilma
2 months ago
I think the bank should complete a CTR. Receiving a large cash deposit from overseas sounds like it could be suspicious activity.
upvoted 0 times
Lindsey
8 days ago
D) Complete a CTR and encourage Mrs. Evans to file a CMIR
upvoted 0 times
...
Deane
10 days ago
I agree, it's important for the bank to report any suspicious activity.
upvoted 0 times
...
Markus
16 days ago
C) Complete both a currency transaction report and a CMIR
upvoted 0 times
...
Colene
20 days ago
B) Complete a United States Customs form 4790 (CMIR)
upvoted 0 times
...
Rosendo
1 months ago
A) Complete a Currency Transaction Report (CTR)
upvoted 0 times
...
...
Ariel
2 months ago
I think the bank should complete a Currency Transaction Report (CTR).
upvoted 0 times
...

Save Cancel