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A customer has held an account at a bank and has lived locally for over 25 years. Historically he has come
into the bank monthly to deposit a $1,500 retirement check from the company where he worked. He is well
known at the bank and often brings the staff cookies. Over the past four months, he has come into the bank
every Monday, Wednesday, and Thursday to make $3,000 cash deposits into his account. A review of his
account shows that an $8,500 check made out to cash clears his account each week. The bank has decided
to file a suspicious transaction report (STR).
What is the important fact to include in the STR?
Suggested Answer: C
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34 comments · newest first
DA
Daren
11 months ago
The work history and retirement check amount are important too!
CH
Christiane
11 months ago
Not sure if being well-known should matter in this case.
ST
Steffanie
11 months ago
Wait, he’s been banking there for 25 years? That’s surprising!
AL
Alease
12 months ago
I agree, the timing of those deposits is super suspicious!
BE
Bettina
1 year ago
Definitely the change in deposit patterns is key here.
MI
Miesha
1 year ago
I think the fact that he brings cookies and is well-known might not matter much in the STR. It seems more about the money flow, so I’m not sure option C is the right choice.
KA
Kanisha
1 year ago
I practiced a similar question where the focus was on transaction amounts. The increase to $3,000 deposits seems significant, so I lean towards option A again.
CL
Clare
1 year ago
I’m not entirely sure, but I feel like the customer’s long history with the bank could be relevant too. Maybe option D is important since it shows he’s not a typical risk?
TO
Tonja
1 year ago
I remember studying that sudden changes in transaction patterns can be a red flag for suspicious activity. So, I think option A might be the key fact to include in the STR.
VI
Viola
1 year ago
The customer's long-standing relationship and reputation with the bank staff shouldn't distract from the suspicious transaction patterns. That's the key detail.
JU
Justa
1 year ago
I think the recent cash deposits and weekly $8,500 withdrawals are the crucial facts here. That's a significant change from the previous routine.
GW
Gwenn
1 year ago
The recent changes in deposit and withdrawal patterns seem like the most important thing to highlight. That's a clear red flag.
BL
Blossom
1 year ago
This seems like a tricky one. I'll need to carefully review the details to identify the key fact to include in the STR.
EL
Elena
1 year ago
I'm a bit confused - the customer seems to have a long history with the bank and is well-known. Does that matter less than the recent activity changes?
FA
Fallon
1 year ago
Okay, I remember that IPSec Tunnel mode has two sets of IP headers, so option C is true. I'll mark that one as the answer.
DA
Darnell
2 years ago
Wait, did you say the customer brings the staff cookies? That's the real issue here. Clearly, he's trying to bribe them. That's the juiciest detail to include!
CH
Cherilyn
1 year ago
B) The customer's work history and the amount of his monthly retirement check
AL
Allene
1 year ago
C) The fact that the account holder is well known to the bank staff
ME
Meghan
1 year ago
A) The recent change in the timing of deposits and withdrawals in the account
BR
Brandon
2 years ago
Hmm, I'm not sure. The long-standing relationship with the bank and the consistent monthly retirement check seem like important context. I'd include that too.
EL
Elfriede
1 year ago
C) The fact that the account holder is well known to the bank staff
SH
Shannan
1 year ago
B) The customer's work history and the amount of his monthly retirement check
IS
Isaac
1 year ago
A) The recent change in the timing of deposits and withdrawals in the account
JO
Jolanda
2 years ago
I don't know, the customer's history with the bank and the fact that he's well-known seems pretty relevant too. Maybe they should include that as well.
CA
Carlene
1 year ago
I think the customer's history with the bank should be included too.
IL
Ilona
2 years ago
A) The recent change in the timing of deposits and withdrawals in the account
EV
Evangelina
2 years ago
But shouldn't we also mention the customer's work history and the amount of his monthly retirement check? That could provide more context for the transactions.
VE
Veda
2 years ago
I agree with Glory. The sudden increase in cash deposits and the large weekly check made out to cash are definitely suspicious.
GL
Glory
2 years ago
I think the important fact to include in the STR is the recent change in the timing of deposits and withdrawals.
LY
Lynelle
2 years ago
The recent change in the timing and amount of the deposits and withdrawals is definitely the most important fact to include. That's a clear red flag for suspicious activity.
VE
Velda
1 year ago
D: True, but the change in behavior is a big red flag for sure.
RO
Roxane
1 year ago
C: The customer's work history and the amount of his monthly retirement check should also be noted.
CA
Carey
1 year ago
B: Yeah, that sudden increase in cash deposits and withdrawals is definitely suspicious.
JE
Jerry
2 years ago
A: The recent change in the timing of deposits and withdrawals in the account.