American Bankers Association
CRCM
Q1:
Which of the following countries are currently subject to the Office of Foreign Assets Control Regulations?
○
A
North Korea○
B
Jordan○
C
Bahrain○
D
Russia
American Bankers Association
CRCM
Q2:
What should a bank's Bank Secrecy Act compliance program include?
○
A
All lobby notice requirements○
B
The one-year record retention requirements○
C
Designation of individuals responsible for day-to-day compliance○
D
A list of types of loans covered by the Act
American Bankers Association
CRCM
Q3:
On which of the following loans must a bank maintain records under the Bank Secrecy Act?
○
A
All loans exceeding $5,000 and secured by real property○
B
All loans exceeding $5,000, but not secured by real property○
C
All loans exceeding $10,000 and secured by real property○
D
All loans exceeding $10,000, but not secured by real property
American Bankers Association
CRCM
Q4:
Which of the following transactions requires completion of FinCEN Form 104, a CTR?
○
A
Deposit of checks totaling $12,000 to a checking account○
B
Cash purchase of a cashier's check for $7,800○
C
Cash withdrawal of $3,000 from a checking account○
D
Cashing of a $14,000 check for a customer
American Bankers Association
CRCM
Q5:
Mammoth Enterprises is a new customer to the bank. It is a wholly owned subsidiary of Mammoth Corporation. Which of the following statements, if true, would make Mammoth Enterprises an exempt customer at the bank?
○
A
Mammoth Corporation is a London corporation, trading on the London Stock Exchange.○
B
Mammoth Corporation is a U.S. corporation with unlisted stock.○
C
Mammoth Corporation is a U.S. corporation trading on the American Stock Exchange.○
D
Mammoth Enterprises is a U.S. corporation primarily in the investment banking business.