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American Bankers Association CRCM Exam - Topic 10 Question 122 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 122
Topic #: 10
[All CRCM Questions]

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?

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Suggested Answer: B

by Tegan at Mar 04, 2026, 09:01 AM

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Anthony
15 days ago
Self-reporting sounds risky, but maybe necessary?
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Junita
20 days ago
I think stopping the wires is the most important step!
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Cammy
26 days ago
Definitely need to review the OFAC policies first.
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Stevie
1 month ago
Not sure investigating the customer is the right move right now.
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Helga
1 month ago
Surprised this glitch happened in the first place!
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Leota
1 month ago
Self-reporting seems risky, but might be necessary.
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Aileen
2 months ago
I think stopping the wires is the most urgent step!
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Glenn
2 months ago
Definitely need to review the OFAC policies first.
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Julio
2 months ago
I think investigating the customer who sends the wires could be important, but it might not be the first thing to do. I feel like we need to address the software issue first.
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Francene
2 months ago
I remember a practice question where self-reporting was emphasized. It seems like a good option, but I wonder if we should investigate first to gather more information.
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Timmy
2 months ago
I’m not entirely sure, but I feel like stopping and holding all wires to the SDN bank might be the safest immediate action. We can't risk further violations, right?
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Anika
2 months ago
I think the first step should be to review the OFAC wire policies and procedures. It’s important to understand how the glitch happened before taking further action.
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