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Free CRCM Exam Braindumps
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) Questions 242–244 (page: 145)

Updated On: 9-Feb-2026
Page 145 of 276
PDF with 463 Questions

On which of the following loans must a bank maintain records under the Bank Secrecy Act?

  1. All loans exceeding $5,000 and secured by real property
  2. All loans exceeding $5,000, but not secured by real property
  3. All loans exceeding $10,000 and secured by real property
  4. All loans exceeding $10,000, but not secured by real property

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



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



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