CRCM.pdf - Banking CRCM Certified Regulatory Compliance...

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CRCM Banking Certified Regulatory Compliance Manager
QUESTION: 445 An individual comes into the bank and makes a $6,000 cash deposit into a checking account. At the same time, the individual buys a $7,000 cashier’s check with cash. According to the Bank Secrecy Act, what is the bank is required to do?
QUESTION: 446 Which of the following is NOT considered an acceptable form of identification for an individual when completing a CTR?
QUESTION: 447 Which of the following customers may be exempted under Phase II of the Bank Secrecy Act?
QUESTION: 448 In which of the following circumstances is it LEAST appropriate for a bank to file a SAR regarding Internet activity? A. Bank determines that one of its customers is the victim of identity theft
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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 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 Answer: D QUESTION: 449 When completing and filing a SAR, what is the bank NOT required to do?
QUESTION: 450 What should a bank’s Bank Secrecy Act compliance program include?

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