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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Janae

1 days ago

I think option C is the most effective.

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Wendell

3 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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