Certified Regulatory Compliance Manager (CRCM) — Question 227

Which of the following transactions requires completion of FinCEN Form 104, a CTR?

Answer options

• A. Deposit of checks totaling $12,000 to a checking account
• B. Cash purchase of a cashier's check for $7,800
• C. Cash withdrawal of $3,000 from a checking account
• D. Cashing of a $14,000 check for a customer

Correct answer: D

Explanation

The correct answer is D because cashing a $14,000 check exceeds the $10,000 threshold that mandates the completion of a CTR. Options A, B, and C do not require a CTR filing as they either do not involve cash transactions or do not meet the required threshold.