American Bankers Association Exam CRCM Topic 2 Question 16 Discussion

Actual exam question for American Bankers Association's Certified Regulatory Compliance Manager exam

Question #: 16
Topic #: 2

[All Certified Regulatory Compliance Manager Questions]

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?

AComplete a Currency Transaction Report (CTR)

BComplete a United States Customs form 4790 (CMIR)

CComplete both a currency transaction report and a CMIR

DComplete a CTR and encourage Mrs. Evans to file a CMIR

Show Suggested Answer

Suggested Answer: D

by Ma at May 09, 2022, 12:31 PM

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