Certified Regulatory Compliance Manager (CRCM) — Question 314

Which of the following is MOST effective in strengthening an anti-money- laundering program involving cash transactions?

Answer options

• A. Review all deposits of $25,000 or more
• B. Complete CTR worksheets on all cash transactions of $5,000 or more
• C. Complete SAR worksheets on all cash transactions of $5,000 or more
• D. Monitor cash transactions of less than $10,000 for suspicious patterns

Correct answer: D

Explanation

Option D is correct because monitoring cash transactions of less than $10,000 allows for the identification of suspicious activity that may otherwise go unnoticed in higher amounts. Options A, B, and C focus on higher thresholds, which may overlook smaller, potentially illicit transactions that are common in money laundering schemes.