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American Bankers Association CRCM Exam - Topic 4 Question 37 Discussion

Posted by Leonida on May 03, 2022 at 04:45 PM

How long after discovery does a bank have to report any lost or missing securities when criminal activity is suspected?

Suggested Answer: B

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9 comments · newest first
EL
Elena 11 months ago
Banks have to report within 10 business days when there's suspicion.
GE
Genevive 12 months ago
Wait, law enforcement never reports? That sounds off.
PH
Phyliss 12 months ago
I thought it was 90 days? That's a long time!
AL
Alethea 12 months ago
Definitely 1 business day for sure!
FR
Freeman 1 year ago
It's 10 business days, right?
ER
Erick 1 year ago
This question is testing our understanding of VDC configuration. I'll make sure to review the relevant material before the exam.
MA
Malcom 1 year ago
I'm feeling pretty confident about this one. The two main actions are configuring the TEP pool to be routable, and enabling MP-BGP on the IPN routers that connect to the ACI spines.
FA
Fausto 1 year ago
I'm pretty sure this is asking about the steps in the Value Engineering Job Plan, so I'll focus on recalling those. I think the Follow-up phase involves monitoring the implementation, but I'm not 100% sure.
MY
Myra 1 year ago
Okay, let me see. The question is asking about how financial institutions adjust collateral related to securities. I think the key is understanding the term "market to market". I'll have to consider the options closely.
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