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Free CRCM Exam Braindumps (page: 171)

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






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