Free Preparation Discussions
MENU
American Bankers Association CRCM Exam Questions
- Topic 1: Review first line compliance monitoring results and develop an action plan as needed/ Coordinate and submit ongoing regulatory reports to auditors/examiners
- Topic 2: Develop, conduct, and track enterprise-wide and/or job-specific compliance training/ Act as a compliance subject matter expert on projects and committees
- Topic 3: Develop, implement, and monitor a plan of action to prevent future reporting errors or breakdowns/ Define the scope of a specific monitoring or testing activity
- Topic 4: Complete requiredreporting, ensure timely submission to the appropriate agency, and resubmit when required/ Participate in conducting due diligence for vendors
- Topic 5: Report on the status of regulatory changes and implementation to appropriate parties/ Validate that any required remediation was completed accurately and within required timelines
- Topic 6: Assess regulatory guidance and compliance enforcement actions/ Design and maintain a comprehensive compliance risk assessment program
- Topic 7: Identify and mitigate risk within the organization’s risk appetite/ Determine if remediation is required to address potential compliance impacts
- Topic 8: Evaluate the reliability of systems of record and the validity/ Conduct periodic reviews of the compliance management program to evaluate its effectiveness
- Topic 9: Provide compliance supportto internal and external parties/ Report on action plan status to appropriate levels of management and auditors/examiners
- Topic 10: Establish and maintain a compliance management policy to set expectations for board/ Compliance Analysis and Internal/External Reporting
Free American Bankers Association CRCM Exam Actual Questions
Note: Premium Questions for CRCM were last updated On Dec. 31, 2024 (see below)
Which of the following is MOST effective in strengthening an anti-money laundering program involving cash transactions?
First National Bank advises Country A, a boycotting country, on various U.S. investments. Country A instructs First National Bank not to recommend for investment any shares of certain blacklisted companies. First National Bank follows this instruction. Has First National Bank participated or cooperated in an international boycott under the IRS regulations by this action?
The BSA officer has just been notified by the chief operations officer that, due to a glitch in the bank's OFAC interdiction software, wires have been regularly transmitted to a bank on the SDN list. Based on the OFAC Enforcement Guidance, what should the BSA Officer do FIRST to attempt to mitigate any penalties?
First National Bank has several exempt customers.
* Alpha is an exempt person because its stock is listed on a major stock exchange.
* Beta is an exempt person because it meets the nonlisted customer requirements.
* Zeta is exempt because it is a payroll customer. For which customer(s) must the bank conduct an annual review to determine its continuing eligibility to be exempt from CTR filings?
Mrs. Evans, a customer of First National Bank, deposits $15,000 in cash to her account. During the transaction, Mrs. Evans explains that she received the money in the mail from her sister in Europe. What responsibility does the bank have?
- Select Question Types you want
- Set your Desired Pass Percentage
- Allocate Time (Hours : Minutes)
- Create Multiple Practice tests with Limited Questions
- Customer Support
Dorathy
21 hours agoSvetlana
10 days agoMarleen
15 days agoVenita
20 days agoCiara
25 days agoRhea
28 days agoVal
1 months agoKristel
1 months agoLenita
2 months agoGladis
2 months agoHubert
2 months agoTambra
2 months agoDeeanna
3 months agoGlenn
3 months agoVincenza
3 months agoYvonne
3 months agoShantell
3 months agoPercy
4 months agoJunita
4 months agoNovella
5 months agoSherman
6 months agoKarina
6 months ago