BSA/AML - Awareness - [opt 2] [CRCM
1.25; Online Course] 2026/2027
Which situation does NOT signal possible suspicious activity? - Correct answer✅✅ Michelle Pierce,
who has just relocated to your community, provides an out-of-state driver's license as identification.
A financial institution filing CTRs must file by the: - Correct answer✅✅ Fifteenth calendar day after the
transaction.
Which statement is TRUE? - Correct answer✅✅ Institutions must identify any transaction subject to
economic sanctions.
Which statement is TRUE? - Correct answer✅✅ You must file a SAR within 30 calendar days after
initially detecting suspicious activity if you can identify a suspect.
What are the minimum pieces of information you must collect prior to extending a loan to a business? -
Correct answer✅✅ Name, address of principal place of business and taxpayer identification number
Money laundering refers to the process of: - Correct answer✅✅ Making illegally-derived funds appear
legitimate.
Which situation could indicate possible structuring? - Correct answer✅✅ An accountholder makes
cash deposits of $9,900 every other day for a month.
Which of the following pieces of information must you collect when opening an account for an
individual? - Correct answer✅✅ Taxpayer Identification Number, such as Social Security Number
It is a red flag for suspicious activity when an accountholder: - Correct answer✅✅ Changes the
transaction amount after learning a report will be filed.
1.25; Online Course] 2026/2027
Which situation does NOT signal possible suspicious activity? - Correct answer✅✅ Michelle Pierce,
who has just relocated to your community, provides an out-of-state driver's license as identification.
A financial institution filing CTRs must file by the: - Correct answer✅✅ Fifteenth calendar day after the
transaction.
Which statement is TRUE? - Correct answer✅✅ Institutions must identify any transaction subject to
economic sanctions.
Which statement is TRUE? - Correct answer✅✅ You must file a SAR within 30 calendar days after
initially detecting suspicious activity if you can identify a suspect.
What are the minimum pieces of information you must collect prior to extending a loan to a business? -
Correct answer✅✅ Name, address of principal place of business and taxpayer identification number
Money laundering refers to the process of: - Correct answer✅✅ Making illegally-derived funds appear
legitimate.
Which situation could indicate possible structuring? - Correct answer✅✅ An accountholder makes
cash deposits of $9,900 every other day for a month.
Which of the following pieces of information must you collect when opening an account for an
individual? - Correct answer✅✅ Taxpayer Identification Number, such as Social Security Number
It is a red flag for suspicious activity when an accountholder: - Correct answer✅✅ Changes the
transaction amount after learning a report will be filed.
