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?

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

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

James

4 months ago

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

upvoted 0 times

...

Leonida

4 months ago

I think B is more concerning than D, honestly.

upvoted 0 times

...

Sherita

4 months ago

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

upvoted 0 times

...

Iola

4 months ago

Totally agree, D is just normal account activity.

upvoted 0 times

...

Rory

5 months ago

Option D seems the least appropriate for a SAR.

upvoted 0 times

...

Stephaine

5 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.

upvoted 0 times

...

Omer

5 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.

upvoted 0 times

...

Jules

5 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.

upvoted 0 times

...

Rochell

5 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.

upvoted 0 times

...

Catarina

5 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.

upvoted 0 times

...

Vivan

5 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.

upvoted 0 times

...

Dwight

5 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.

upvoted 0 times

...

Lenna

5 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.

upvoted 0 times

...

Eva

5 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.

upvoted 0 times

...

Keena

5 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.

upvoted 0 times

...

Twana

6 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.

upvoted 0 times

...

Lashawna

6 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.

upvoted 0 times

...

Vincent

6 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.

upvoted 0 times

...