American Bankers Association Exam CRCM Topic 4 Question 83 Discussion

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

Question #: 83
Topic #: 4

[All Certified Regulatory Compliance Manager Questions]

A routine review of account records reveals that suspicious activity involving foreign currency has occurred in the account of one of the bank's directors. Which of the following actions should be taken FIRST?

AA SAR should be filed.

BThe bank's board of directors should discuss the account activity without the affected director being present.

CThe bank's president should meet with the affected director to discuss the account activity.

DThe bank should file a CTR, checking the box that indicates the report is for suspicious activity.

Show Suggested Answer

Suggested Answer: A

by Helene at Mar 16, 2024, 11:19 PM

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Gary

2 days ago

I think we should file a SAR first.

upvoted 0 times

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