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Free CRCM Exam Braindumps
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Questions 232–234 (page: 139)

Updated On: 9-Feb-2026
Page 139 of 276
PDF with 463 Questions

The manager of Main Street branch calls and relates the following information: John Smith purchased a cashier's check for $1,000 cash at 10:00 A. m. on Tuesday. At 11:30

  1. m. Mr. Smith returned and purchased a cashier's check for $2,500 cash and deposited traveler's checks totaling $9,000 into his checking account. At 4:00 p.m. Mr. Smith returned and deposited $8,000 cash into his checking account. This deposit was after normal banking hours, so it was recorded as of Wednesday's business date. What action should the bank take?
  2. None, because no single cash transaction exceeded $10,000
  3. File a Currency Transaction Report (CTR) for $11,500
  4. Record the $1,000, $2,500, and $9,000 transactions on the bank's monetary instrument sales log because the total exceeds the $3,000 threshold
  5. Record the $1,000 and $2,500 transactions on the bank's monetary instrument sales log because the total exceeds the $3,000 threshold

Answer(s): D



Records that must be retained for deposit accounts include which of the following?

  1. Average daily balance
  2. Overdraft history
  3. All amounts of currency deposited or withdrawn
  4. Customer's TIN

Answer(s): D



Records that must be retained for deposit accounts include which of the following?

  1. Average daily balance
  2. Overdraft history
  3. All amounts of currency deposited or withdrawn
  4. Customer's TIN

Answer(s): D



Records that must be retained for deposit accounts include which of the following?

  1. Average daily balance
  2. Overdraft history
  3. All amounts of currency deposited or withdrawn
  4. Customer's TIN

Answer(s): D



Mammoth Enterprises is a new customer to the bank. It is a wholly owned subsidiary of Mammoth Corporation. Which of the following statements, if true, would make Mammoth Enterprises an exempt customer at the bank?

  1. Mammoth Corporation is a London corporation, trading on the London Stock Exchange.
  2. Mammoth Corporation is a U.S. corporation with unlisted stock.
  3. Mammoth Corporation is a U.S. corporation trading on the American Stock Exchange.
  4. Mammoth Enterprises is a U.S. corporation primarily in the investment banking business.

Answer(s): C



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