Free American Bankers Association CRCM Exam Questions
Absolute Free CRCM Exam Practice for Comprehensive Preparation
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American Bankers Association CRCM Exam Questions
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Provided By: American Bankers Association
- Exam: Certified Regulatory Compliance Manager
- Certification: Compliance and Risk Management
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Total Questions: 465
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Updated On: Dec 07, 2025
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Rated: 4.9 |
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Online Users: 930
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Question 1
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Your bank’s president comes back from an industry conference and tells the compliance officer thatshe attended a presentation about OFAC. She heard the bank could be fined for not adhering to OFACrequirements. Thus, she has directed that every bank transaction be reviewed for OFAC compliance.What is the most appropriate statement the compliance officer could make to the bank president?
Answer: B
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Question 2
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First National Bank is attempting to determine which of the following customers would qualify asexempt persons:• Nationwide Foods, Inc , is a national company with stock listed on the New York Stock Exchange• National Paper Products, is a wholly owned subsidiary of Nationwide Foods, Inc• Products Incorporated, a depositor for three months, is a regional company whose stock isdesignated a NASDAQ Capital Markets Company and that sells and leases large boats• Century Enterprises, a local company owning several local restaurants, is a longtime bank customerand frequently makes deposits in excess of $10,000. All of Century’s stock is owned by a local family.Which of these customers would qualify as an exempt person?
Answer: D
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Question 3
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An electronic image of an item together with electronic information describing that item in anapproved format will be considered a valid instrument. Common forms of instruments are thefollowing EXCEPT:
Answer: B
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Question 4
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This is a loan term or an arrangement that modifies a loan term under which a bank agrees to
suspend all or part of a customer’s loan obligation on the occurrence of a specified event. It May be a
part of the loan itself or a separate agreement.Does not include a loan payment deferral
arrangement where the borrower or the bank can unilaterally defer a payment.What is it?
Answer: A
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This is a loan term or an arrangement that modifies a loan term under which a bank agrees to
suspend all or part of a customer’s loan obligation on the occurrence of a specified event. It May be a
part of the loan itself or a separate agreement.Does not include a loan payment deferral
arrangement where the borrower or the bank can unilaterally defer a payment.What is it?
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Question 5
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When conducting a records search pursuant to a FinCEN request, what must a bank search?
Answer: B
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When conducting a records search pursuant to a FinCEN request, what must a bank search?