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Exam CRCM topic 1 question 5 discussion

Actual exam question from ABA's CRCM
Question #: 5
Topic #: 1
[All CRCM Questions]

In a compliance program, tactical compliance procedures should be integrated into business line procedures, such as how to deliver an Adverse Action Notice when an application is declined. In this case:

  • A. Regulations should be applied consistently to procedures throughout the bank
  • B. Revisions to procedures should be based on compliance expertise and not mere editing
  • C. Providing solutions to mitigate any identified risk
  • D. Assisting business units in developing or revising policies and procedures to reflect current regulatory requirements
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Suggested Answer: AB 🗳️

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JessyJazz24
3 months, 1 week ago
Selected Answer: AB
It's the right decisions to regulate the company not go under
upvoted 1 times
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