American Bankers Association Exam CRCM Topic 9 Question 75 Discussion

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

Question #: 75
Topic #: 9

[All Certified Regulatory Compliance Manager Questions]

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

Show Suggested Answer

Suggested Answer: D

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

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