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?

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 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

6 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

7 months ago

Why do you think so?

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Honey

7 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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