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Free CRCM Exam Braindumps (page: 180)

Page 180 of 344
PDF with 463 Questions

An individual comes into the bank and makes a $6,000 cash deposit into a checking account. At the same time, the individual buys a $7,000 cashier's check with cash. According to the Bank Secrecy Act, what is the bank is required to do?

  1. File a SAR for $13,000
  2. File a CTR for the $6,000 cash deposit
  3. Aggregate the transactions and retain information about the purchase of the cashier's check
  4. Obtain the recordkeeping information for the purchase of the cashier's check and complete a CTR for the total cash-in transaction of $13,000

Answer(s): D



An individual comes into the bank and makes a $6,000 cash deposit into a checking account. At the same time, the individual buys a $7,000 cashier's check with cash. According to the Bank Secrecy Act, what is the bank is required to do?

  1. File a SAR for $13,000
  2. File a CTR for the $6,000 cash deposit
  3. Aggregate the transactions and retain information about the purchase of the cashier's check
  4. Obtain the recordkeeping information for the purchase of the cashier's check and complete a CTR for the total cash-in transaction of $13,000

Answer(s): D



An individual comes into the bank and makes a $6,000 cash deposit into a checking account. At the same time, the individual buys a $7,000 cashier's check with cash. According to the Bank Secrecy Act, what is the bank is required to do?

  1. File a SAR for $13,000
  2. File a CTR for the $6,000 cash deposit
  3. Aggregate the transactions and retain information about the purchase of the cashier's check
  4. Obtain the recordkeeping information for the purchase of the cashier's check and complete a CTR for the total cash-in transaction of $13,000

Answer(s): D



Which of the following is NOT considered an acceptable form of identification for an individual when completing a CTR?

  1. U.S. passport
  2. Long-term deposit account relationship
  3. State-issued photo identification (e.g., driver's license)
  4. Photo identification card issued by a local government agency

Answer(s): B



Page 180 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
upvote

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
upvote

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