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Free CRCM Exam Braindumps (page: 170)

Page 170 of 344
PDF with 463 Questions

First National Bank has several exempt customers. · Alpha is an exempt person because its stock is listed on a major stock exchange. · Beta is an exempt person because it meets the nonlisted customer requirements. · Zeta is exempt because it is a payroll customer. For which customer(s) must the bank conduct an annual review to determine its continuing eligibility to be exempt from CTR filings?

  1. Alpha
  2. Beta
  3. Zeta
  4. Beta and Zeta

Answer(s): D



First National Bank has several exempt customers. · Alpha is an exempt person because its stock is listed on a major stock exchange. · Beta is an exempt person because it meets the nonlisted customer requirements. · Zeta is exempt because it is a payroll customer. For which customer(s) must the bank conduct an annual review to determine its continuing eligibility to be exempt from CTR filings?

  1. Alpha
  2. Beta
  3. Zeta
  4. Beta and Zeta

Answer(s): D



First National Bank has several exempt customers. · Alpha is an exempt person because its stock is listed on a major stock exchange. · Beta is an exempt person because it meets the nonlisted customer requirements. · Zeta is exempt because it is a payroll customer. For which customer(s) must the bank conduct an annual review to determine its continuing eligibility to be exempt from CTR filings?

  1. Alpha
  2. Beta
  3. Zeta
  4. Beta and Zeta

Answer(s): D



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?

  1. Complete a Currency Transaction Report (CTR)
  2. Complete a United States Customs form 4790 (CMIR)
  3. Complete both a currency transaction report and a CMIR
  4. Complete a CTR and encourage Mrs. Evans to file a CMIR

Answer(s): D



Page 170 of 344



Post your Comments and Discuss Banking CRCM exam with other Community members:

LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
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LeAnne Hair commented on August 24, 2023
#229 in incorrect - all the customers require an annual review
UNITED STATES
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LeAnne Hair commented on August 24, 2023
I think question 204 has an incorrect solution. It should be D-Regulation E
UNITED STATES
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Igor commented on April 10, 2020
Guys, leave no stones unturned. Try to study every questions and anything other supplementary material you have. The exam is not easy. I just wrote mine and if it wss not for these questions I would have not have passed it.
BULGARIA
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Lori commented on July 20, 2017
I had a good result. Worth the money.
UNITED STATES
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Chipps commented on July 20, 2017
Studying from this dump helped me understand the concept and what comes in the exam. But I only get about 80 to 85% of the questions not 100% as it is claimed. Well... still good enough to pass.
UNITED STATES
upvote