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American Bankers Association CRCM Exam - Topic 9 Question 75 Discussion

In which of the following circumstances is it LEAST appropriate for a bank to file a SAR regarding Internet activity?
D) Bank determines through its transaction-monitoring program that a customer is making electronic transfers between his own checking and savings accounts that are just below the $10,000 reporting level
A) Bank determines that one of its customers is the victim of identity theft
B) Bank becomes aware of identity theft of its domain name (i.e., another entity selects a name similar to the bank's in order to confuse customers and obtain confidential financial information)
C) Bank discovers that someone has hacked into its data system in order to obtain confidential customer data

American Bankers Association CRCM Exam - Topic 9 Question 75 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 75
Topic #: 9
[All CRCM Questions]

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

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Suggested Answer: D

by Merilyn at Oct 03, 2023, 11:22 AM

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James
8 months ago
Identity theft is serious, but D feels like a stretch for a SAR.
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Leonida
8 months ago
I think B is more concerning than D, honestly.
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Sherita
8 months ago
Wait, isn't it suspicious if they're always just under $10k?
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Iola
8 months ago
Totally agree, D is just normal account activity.
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Rory
9 months ago
Option D seems the least appropriate for a SAR.
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Stephaine
9 months ago
I’m a bit confused about the thresholds for filing SARs. I thought any suspicious activity, like in option C, would definitely require a report, but D seems less serious.
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Omer
9 months ago
I practiced similar questions, and I think option B might be tricky because it involves the bank's reputation, but I still lean towards D being the least likely.
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Jules
9 months ago
I feel like option D is the least appropriate for filing a SAR since it seems more like normal banking behavior, but I could be wrong.
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Rochell
9 months ago
I remember discussing SARs in class, and I think identity theft cases usually require filing, but I'm not sure about the specifics for option A.
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Catarina
9 months ago
I'm pretty confident the answer is D. The customer's transfers, while below the reporting level, don't seem to indicate any suspicious activity that would warrant a SAR. The other options all seem like clear situations where a SAR would be appropriate.
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Vivan
9 months ago
Okay, let me break this down. The question is asking about the LEAST appropriate situation for a bank to file a SAR. I'm thinking option B, where the bank's domain name is stolen, might be the best answer since that's more of an internal issue for the bank rather than a customer-related concern.
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Dwight
9 months ago
Hmm, I'm not sure about this one. The options all seem related to identity theft and hacking, so I'm a bit confused about which one is the LEAST appropriate for a SAR. I'll have to think this through carefully.
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Lenna
9 months ago
This question seems straightforward - I think the answer is D, since the customer's transfers are just below the reporting level and don't seem suspicious.
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Eva
9 months ago
This is a tricky one. I'm leaning towards D as well, since the customer's transfers don't seem to be indicative of any illegal activity. But I'm still a bit unsure - I'll have to re-read the options carefully before making my final decision.
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Keena
9 months ago
I've got this! Flexgrid uses a flexible guardband that can take any spacing, so the answer is option B. I'm confident about that one.
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Twana
9 months ago
I remember learning about logic gates in class. I think the correct answer is D, but I'll double-check my notes just to be sure.
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Lashawna
9 months ago
This question seems pretty straightforward. I think the key is understanding why first-party tracking is so difficult to prevent compared to third-party tracking.
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Vincent
10 months ago
This one seems pretty straightforward. The quality assurance manager is responsible for reviewing and approving project deliverables, so I'm going with option C.
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