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Free CRCM Exam Braindumps (page: 184)

Page 184 of 344
PDF with 463 Questions

What should a bank's Bank Secrecy Act compliance program include?

  1. All lobby notice requirements
  2. The one-year record retention requirements
  3. Designation of individuals responsible for day-to-day compliance
  4. A list of types of loans covered by the Act

Answer(s): C



A routine review of account records reveals that suspicious activity involving foreign currency has occurred in the account of one of the bank's directors. Which of the following actions should be taken FIRST?

  1. A SAR should be fileD.
  2. The bank's board of directors should discuss the account activity without the affected director being present.
  3. The bank's president should meet with the affected director to discuss the account activity.
  4. The bank should file a CTR, checking the box that indicates the report is for suspicious activity.

Answer(s): A



A routine review of account records reveals that suspicious activity involving foreign currency has occurred in the account of one of the bank's directors. Which of the following actions should be taken FIRST?

  1. A SAR should be fileD.
  2. The bank's board of directors should discuss the account activity without the affected director being present.
  3. The bank's president should meet with the affected director to discuss the account activity.
  4. The bank should file a CTR, checking the box that indicates the report is for suspicious activity.

Answer(s): A



A routine review of account records reveals that suspicious activity involving foreign currency has occurred in the account of one of the bank's directors. Which of the following actions should be taken FIRST?

  1. A SAR should be fileD.
  2. The bank's board of directors should discuss the account activity without the affected director being present.
  3. The bank's president should meet with the affected director to discuss the account activity.
  4. The bank should file a CTR, checking the box that indicates the report is for suspicious activity.

Answer(s): A



Page 184 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
upvote

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