American Bankers Association Certified Regulatory Compliance Manager Exam Practice Test

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Total 463 questions

Question 1

An individual comes into the bank and makes a $6,000 cash deposit into a checking account. At the same time, the individual buys a $7,000 cashier's check with cash. According to the Bank Secrecy Act, what is the bank is required to do?

Answer : D

Question 2

Which of the following is NOT considered an acceptable form of identification for an individual when completing a CTR?

Answer : B

Question 3

Which of the following customers may be exempted under Phase II of the Bank Secrecy Act?

Answer : C

Question 4

In which of the following circumstances is it LEAST appropriate for a bank to file a SAR regarding Internet activity?

Answer : D

Question 5

When completing and filing a SAR, what is the bank NOT required to do?

Answer : A

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Total 463 questions