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Banking CRCM Exam
CERTIFIED REGULATORY COMPLIANCE MANAGER (CRCM) (Page 5 )

Updated On: 12-Jan-2026
Page 5 of 276
PDF with 463 Questions

What should a bank do when it receives a request from a customer to transfer funds to an individual in Iraq?

  1. Conduct the transfer as requested
  2. Conduct the transfer if the individual and the financial institution are not on the SDN list
  3. Block the transfer
  4. Conduct the transfer and then notify OFAC immediately

Answer(s): B



Which of the following countries are currently subject to the Office of Foreign Assets Control Regulations?

  1. North Korea
  2. Jordan
  3. Bahrain
  4. Russia

Answer(s): A



For which of the following is a bank most likely to be in danger of receiving a cease and desist order?

  1. Repetition in a BSA examination of a noncritical deficiency reported in a previous BSA examination
  2. Failure to document AML training to its part-time clerical employees
  3. A 2 percent error rate on the bank's CTRs
  4. Failure to file suspicious activity reports

Answer(s): D



In Compliance regulation and risk assessment key performance indicators usually include:

  1. Fines or penalties
  2. Customer complaints
  3. Regulatory criticism from a regulator or internal or external auditors
  4. None of these

Answer(s): A,B,C



Which of the following is MOST effective in strengthening an anti-money laundering program involving cash transactions?

  1. Review all deposits of $25,000 or more
  2. Complete CTR worksheets on all cash transactions of $5,000 or more
  3. Complete SAR worksheets on all cash transactions of $5,000 or more
  4. Monitor cash transactions of less than $10,000 for suspicious patterns

Answer(s): D



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