American Bankers Association Exam CRCM Topic 2 Question 68 Discussion

Actual exam question for American Bankers Association's Certified Regulatory Compliance Manager exam

Question #: 68
Topic #: 2

Which of the following is an accurate statement according to the requirements of the customer identification program regulations?

AA bank must always require documentary verification of a customer's identification

BA bank may waive any part of the CIP requirements if senior management approves the waiver and there is a good cause

CA physical address or a post office box is acceptable for any new customer

DThe bank's CIP program must enable it to form a reasonable belief about the identity of the person

Show Suggested Answer

Suggested Answer: D

by Salome at Apr 01, 2023, 06:56 AM

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