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American Bankers Association CRCM Exam - Topic 2 Question 16 Discussion

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?
D) Complete a CTR and encourage Mrs. Evans to file a CMIR
A) Complete a Currency Transaction Report (CTR)
B) Complete a United States Customs form 4790 (CMIR)
C) Complete both a currency transaction report and a CMIR

American Bankers Association CRCM Exam - Topic 2 Question 16 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 16
Topic #: 2
[All CRCM 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?

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Suggested Answer: D

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

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Hollis
8 months ago
Sounds like a lot of paperwork for just a family gift!
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Son
9 months ago
I agree, a CTR is a must, but not sure about the CMIR.
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Marsha
9 months ago
Wait, can you really receive that much cash in the mail?
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Nickole
9 months ago
I think they should also encourage her to file a CMIR.
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Mi
9 months ago
They definitely need to file a CTR for that amount.
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Shelia
9 months ago
I'm a little confused about the difference between "create" and "apply" in the commands. I'll have to think this through carefully.
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Denise
9 months ago
Hmm, I'm a bit unsure about this one. I know total rewards are important, but I'm not totally clear on what specifically guides their design. I'll have to review my notes to see if I can figure this out.
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Norah
9 months ago
Always look for the most comprehensive answer. Prevention covers proactive safety measures, which is key in emergency planning.
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Leontine
10 months ago
Okay, let's see here. Nmap is great for actively scanning networks and identifying hosts, so I'm thinking D might be the right answer here. But I'll double-check the other options just to be sure.
upvoted 0 times
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