Discuss American Bankers Association CRCM Exam Topic 9 Question 75

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

ABank determines that one of its customers is the victim of identity theft

BBank 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)

CBank discovers that someone has hacked into its data system in order to obtain confidential customer data

DBank 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

Suggested Answer: D

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18 comments · newest first

James 11 months ago

Identity theft is serious, but D feels like a stretch for a SAR.

Leonida 11 months ago

I think B is more concerning than D, honestly.

Sherita 11 months ago

Wait, isn't it suspicious if they're always just under $10k?

Iola 11 months ago

Totally agree, D is just normal account activity.

Rory 12 months ago

Option D seems the least appropriate for a SAR.

Stephaine 12 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.

Omer 12 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.

Jules 1 year 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.

Rochell 1 year 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.

Catarina 1 year 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.

Vivan 1 year 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.

Dwight 1 year 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.

Lenna 1 year 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.

Eva 1 year 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.

Keena 1 year 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.

Twana 1 year 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.

Lashawna 1 year 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.

Vincent 1 year 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.

American Bankers Association CRCM Exam - Topic 9 Question 75 Discussion