ABA CRCM Practice Test - Questions Answers, Page 25
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Question 241

Which of the following transactions requires completion of FinCEN Form 104, a CTR?
Question 242

On which of the following loans must a bank maintain records under the Bank Secrecy Act?
Question 243

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?
Question 244

Which of the following is NOT considered an acceptable form of identification for an individual when completing a CTR?
Question 245

Which of the following customers may be exempted under Phase II of the Bank Secrecy Act?
Question 246

In which of the following circumstances is it LEAST appropriate for a bank to file a SAR regarding Internet activity?
Question 247

When completing and filing a SAR, what is the bank NOT required to do?
Question 248

What should a bank's Bank Secrecy Act compliance program include?
Question 249

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?
Question 250

A compliance officer is constructing a review of a transaction in which M, a deposit account customer, used cash to purchase travelers' checks in an amount of $4,000. The compliance officer must determine compliance with financial recordkeeping and currency reporting regulations. Which of the following pieces of information must be part of the bank's records for this transaction?
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