최신IFPUG CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) - CRCM무료샘플문제
문제1
Which of the following is NOT a requirement of Regulation F?
Which of the following is NOT a requirement of Regulation F?
정답: D
문제2
Bob Jones, president of ACME bank, has had a banking relationship with Linda O'Reilly, a
local real estate agent
for
several years. Ms. O'Reilly keeps most of her deposit accounts with ACME and also has had several personal loans there. Over a three-month time period, Ms. O'Reilly consistently (two or three times a week) brings to the bank a series of money orders in amounts ranging from $7,000 to $15,000, made payable to her in denominations of $1,000, and asks the teller to take them and issue one cashier's check payable to her. After this activity has continued for three months, Mr. Jones notices the frequency of cashier's checks issued to Ms. O'Reilly on a management report. It catches his attention because he does not know why Ms. O'Reilly would need this number of cashier's checks. On inquiry, the head teller explains the weekly transactions. Which of the following statements best describes Mr. Jones's responsibility?
Bob Jones, president of ACME bank, has had a banking relationship with Linda O'Reilly, a
local real estate agent
for
several years. Ms. O'Reilly keeps most of her deposit accounts with ACME and also has had several personal loans there. Over a three-month time period, Ms. O'Reilly consistently (two or three times a week) brings to the bank a series of money orders in amounts ranging from $7,000 to $15,000, made payable to her in denominations of $1,000, and asks the teller to take them and issue one cashier's check payable to her. After this activity has continued for three months, Mr. Jones notices the frequency of cashier's checks issued to Ms. O'Reilly on a management report. It catches his attention because he does not know why Ms. O'Reilly would need this number of cashier's checks. On inquiry, the head teller explains the weekly transactions. Which of the following statements best describes Mr. Jones's responsibility?
정답: B
문제3
If a bank is a government securities broker or dealer, what are its responsibilities when it obtains a Form G-FIN-4 or an MSD-4 from an employee?
If a bank is a government securities broker or dealer, what are its responsibilities when it obtains a Form G-FIN-4 or an MSD-4 from an employee?
정답: C
문제4
They also embrace the concept of risk-based compliance management. They expect compliance management to be tailored to the bank, be it large or small, offering standard or specialty financial services, simple or complex products lines, and adjusted as appropriate for the
customer base as that issued for the Bank Secrecy Act, also establishes their expectations that a bank's program be risk based. Who are they?
They also embrace the concept of risk-based compliance management. They expect compliance management to be tailored to the bank, be it large or small, offering standard or specialty financial services, simple or complex products lines, and adjusted as appropriate for the
customer base as that issued for the Bank Secrecy Act, also establishes their expectations that a bank's program be risk based. Who are they?
정답: A
문제5
EFT provides consumers with limitations on liability for unauthorized electronic fund transfers. It includes the following types of funds transfers EXCEPT:
EFT provides consumers with limitations on liability for unauthorized electronic fund transfers. It includes the following types of funds transfers EXCEPT:
정답: B
문제6
is defined as every aspect of an applicant's dealing with a creditor, beginning with information gathering and continuing through to the servicing and collection of the loan.
is defined as every aspect of an applicant's dealing with a creditor, beginning with information gathering and continuing through to the servicing and collection of the loan.
정답: B
문제7
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?
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?
정답: D
문제8
Unless excluded by a board resolution or the bylaws, the following officers will be considered to be executive officers EXCEPT:
Unless excluded by a board resolution or the bylaws, the following officers will be considered to be executive officers EXCEPT:
정답: A
문제9
A bank may engage in voluntary self-testing and self-correction of its compliance with Regulation B.
If the bank takes any appropriate corrective action, the reports, results, analysis, opinions, and conclusions of the self-test will be protected by a privilege. The privilege will be lost if
A bank may engage in voluntary self-testing and self-correction of its compliance with Regulation B.
If the bank takes any appropriate corrective action, the reports, results, analysis, opinions, and conclusions of the self-test will be protected by a privilege. The privilege will be lost if
정답: C,D
문제10
First National Bank receives a notice from the IRS to begin withholding 28 percent of the interest payments on the money market savings account of Myra Wilcox because of payee underreporting. What is the most proper action for First National Bank to take?
First National Bank receives a notice from the IRS to begin withholding 28 percent of the interest payments on the money market savings account of Myra Wilcox because of payee underreporting. What is the most proper action for First National Bank to take?
정답: A
문제11
What may a creditor do if an applicant applies for individual unsecured credit?
What may a creditor do if an applicant applies for individual unsecured credit?
정답: B
문제12
In which of the following cases would First National Bank be required to give a branch closing notice?
In which of the following cases would First National Bank be required to give a branch closing notice?
정답: D
문제13
A bank has given a customer a merchandise gift with a fair market value of $25.00 for opening a deposit account. Which
of the following statements
describes the proper reporting status of this gift?
A bank has given a customer a merchandise gift with a fair market value of $25.00 for opening a deposit account. Which
of the following statements
describes the proper reporting status of this gift?
정답: D
문제14
Safety and soundness concerns in FDIC Payday Lending Guidance clearly mention that there should be adequate capital as Minimum capital requirements are not enough to offset the risks of payday loans. Banks should hold capital against its subprime portfolio in amounts:
Safety and soundness concerns in FDIC Payday Lending Guidance clearly mention that there should be adequate capital as Minimum capital requirements are not enough to offset the risks of payday loans. Banks should hold capital against its subprime portfolio in amounts:
정답: A
문제15
Which of the following is NOT considered an acceptable form of identification for an individual when completing a CTR?
Which of the following is NOT considered an acceptable form of identification for an individual when completing a CTR?
정답: A
문제16
In Compliance regulation and risk assessment key performance indicators usually include:
In Compliance regulation and risk assessment key performance indicators usually include:
정답: A,B,C
문제17
James Walker DBA Walker Enterprises has been a customer of the bank for one month. The company told the bank that it would regularly make deposits in excess of $10,000 because it operates several laundromats in the city. The bank performed a background check on the company before opening the account.
For its first 30 days, the company made 12 large cash deposits. Can the bank exempt this company now? Why or why not?
James Walker DBA Walker Enterprises has been a customer of the bank for one month. The company told the bank that it would regularly make deposits in excess of $10,000 because it operates several laundromats in the city. The bank performed a background check on the company before opening the account.
For its first 30 days, the company made 12 large cash deposits. Can the bank exempt this company now? Why or why not?
정답: A
문제18
Walter Johnson has two accounts at First National Bank. His savings account was opened in 1975,
and his money market savings account was opened in 1985.He has never supplied a TIN number to the bank. What must First National Bank do?
Walter Johnson has two accounts at First National Bank. His savings account was opened in 1975,
and his money market savings account was opened in 1985.He has never supplied a TIN number to the bank. What must First National Bank do?
정답: B
문제19
Which of the following are recommended practices In Avoiding Predatory and Abusive Lending Practices in Brokered and Purchased Loans-AL-2003-3?
Which of the following are recommended practices In Avoiding Predatory and Abusive Lending Practices in Brokered and Purchased Loans-AL-2003-3?
정답: A