1. Home
  2. American Bankers Association
  3. CRCM Exam Questions

Free CRCM Exam Questions - American Bankers Association CRCM Exam

American Bankers Association CRCM Exam

Certified Regulatory Compliance Manager

Total Questions: 463

American Bankers Association CRCM Exam - Prepare from Latest, Not Redundant Questions!

Many candidates desire to prepare their American Bankers Association CRCM exam with the help of only updated and relevant study material. But during their research, they usually waste most of their valuable time with information that is either not relevant or outdated. Study4Exam has a fantastic team of subject-matter experts that make sure you always get the most up-to-date preparatory material. Whenever there is a change in the syllabus of the Certified Regulatory Compliance Manager exam, our team of experts updates CRCM questions and eliminates outdated questions. In this way, we save you money and time.

Do Not Fall for Cheap and Old American Bankers Association CRCM Exam Questions

Study4Exam offers Premium High-Quality Exam Questions

Find out what will be covered on the exam and how it will be presented so you can prepare adequately. You can better prepare for the American Bankers Association CRCM exam by familiarizing yourself with the types of questions and topics covered on the exam. Don't squander your time studying irrelevant material; instead, focus on what will be on the actual Compliance and Risk Management exam.

Not Just Questions - Get Real American Bankers Association CRCM Exam Experience

Create a schedule that allows you to devote sufficient time each day to studying for the Certified Regulatory Compliance Manager exam. Try to cover the complete syllabus of the Compliance and Risk Management exam. Do a self-assessment of preparation to know your weak spots. Fill these gaps in your preparation with our preparatory material and ace your exam on the first attempt.

American Bankers Association CRCM Questions

Q1.

Your bank's president comes back from an industry conference and tells the compliance officer that she attended a presentation about OFAC. She heard the bank could be fined for not adhering to OFAC requirements. Thus, she has directed that every bank transaction be reviewed for OFAC compliance. What is the most appropriate statement the compliance officer could make to the bank president?

Q2.

Your institution has identified a transaction by an existing depositor that should be blocked under OFAC requirements. The branch manager contacts you for specific instructions. Before reporting the transaction to OFAC, what should the bank do?

Q3.

FA presents cash to the bank and seeks to wire it to his spouse, RA, in Cub A . The OFAC list identifies RA as a specially designated national. Under OFAC Regulations, what should the bank do?

Q4.

State National Bank is a $250 million community bank. It makes a variety of consumer and commercial loans, regularly transmits funds via wire transfers for its customers, and issues commercial and stand-by letters of credit. Which of the following transactions can State National make without checking the OFAC SDN list and without incurring liability?

Q5.

ACME Bank is a $600 million institution with 15 branches within three counties. Because of its proximity to Mexico, the bank has many foreign national customers and makes many foreign wire transfers for its customers. Currently the bank's branch managers print the OFAC list of SDNs and place them in strategic places in each branch. The wire transfer department keeps its own copy of the list. The compliance officer has implemented an annual auditing program to check the bank's compliance with OFAC regulations. The findings of this audit are provided to the bank's board of directors annually. The bank's regulatory agency has indicated to management that the bank has a high risk for BSA/AML/OFAC compliance. Of the following actions, which would be the most effective to strengthen the bank's OFAC compliance?

Solutions:
Question: 1 Answer: B
Question: 2 Answer: A
Question: 3 Answer: A
Question: 4 Answer: D
Question: 5 Answer: B

Limited Time Offer

50%

Off

Get Premium CRCM Questions as Interactive Practice Test or PDF

Get Full Access for American Bankers Association CRCM questions with 50% exclusive Discount

Get All Questions

Note: If you see any error in these American Bankers Association Certified Regulatory Compliance Manager questions or answers, get in touch with us via email: support@study4exam.com.

American Bankers Association Risk Management | CRCM Valid Dumps | Compliance And Risk Management Exam Questions

Disscuss American Bankers Association CRCM Topics, Questions or Ask Anything Related

Currently there are no comments in this discussion, be the first to comment!