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American Bankers Association Certified Regulatory Compliance Manager Exam Questions
Exam Name: Certified Regulatory Compliance Manager
Exam Code:
Certified Regulatory Compliance Manager
Related Certification(s): American Bankers Association Compliance and Risk Management CRCM Certification
Certification Provider: American Bankers Association
Actual Exam Duration: 240 Minutes
Number of Certified Regulatory Compliance Manager practice questions in our database:
463 (updated: Jul. 17, 2024)
Expected Certified Regulatory Compliance Manager Exam Topics, as suggested by American Bankers Association :
- 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
Disscuss American Bankers Association Certified Regulatory Compliance Manager Topics, Questions or Ask Anything Related
Free American Bankers Association Certified Regulatory Compliance Manager Exam Actual Questions
Note: Premium Questions for Certified Regulatory Compliance Manager were last updated On Jul. 17, 2024 (see below)
Question #1
What should a bank do when it receives a request from a customer to transfer funds to an individual in Iraq?
Correct Answer:
B
Question #2
Which of the following countries are currently subject to the Office of Foreign Assets Control Regulations?
Correct Answer:
A
Question #3
What should a bank do when it receives a request from a customer to transfer funds to an individual in Iraq?
Correct Answer:
B
Question #4
Which of the following is MOST effective in strengthening an anti-money laundering program involving cash transactions?
Correct Answer:
D
Question #5
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?
Correct Answer:
B
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Sherman
14 days agoKarina
20 days ago