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Get All Certified Regulatory Compliance Manager Exam Questions with Validated Answers
| Vendor: | American Bankers Association |
|---|---|
| Exam Code: | CRCM |
| Exam Name: | Certified Regulatory Compliance Manager |
| Exam Questions: | 463 |
| Last Updated: | October 7, 2026 |
| Related Certifications: | Compliance and Risk Management |
| Exam Tags: | American Bankers Association Management |
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State National Bank offers credit life and disability insurance on all consumer loans. This credit-related insurance is sold by a third party, but the bank collects a commission on all sales. The bank also sells hazard insurance through its affiliated insurance agency. Which of the following actions is legal for State National?
Which of the following countries are currently subject to the Office of Foreign Assets Control Regulations?
ACME Bank is a $600 million institution with 15 branches within three counties. Because of its proximity to Mexico, the bank has many foreign national customers and makes many foreign wire transfers for its customers. Currently the bank's branch managers print the OFAC list of SDNs and place them in strategic places in each branch. The wire transfer department keeps its own copy of the list. The compliance officer has implemented an annual auditing program to check the bank's compliance with OFAC regulations. The findings of this audit are provided to the bank's board of directors annually. The bank's regulatory agency has indicated to management that the bank has a high risk for BSA/AML/OFAC compliance. Of the following actions, which would be the most effective to strengthen the bank's OFAC compliance?
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