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Exam CRCM topic 1 question 278 discussion

Actual exam question from ABA's CRCM
Question #: 278
Topic #: 1
[All CRCM Questions]

When does a gift accepted by a banker clearly violate the Bank Bribery Act?

  • A. When it is given for personal reasons
  • B. When it is given with corrupt intent
  • C. When it is valued at a dollar amount exceeding $50
  • D. When it is not given in connection with a generally accepted holiday
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Suggested Answer: B 🗳️

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Cam22
4 months ago
Selected Answer: B
Under the Bank Bribery Act, a gift accepted by a banker violates the act when it is given with corrupt intent. This means that the gift is given with the intention to influence the banker's decisions or actions in an improper or dishonest manner. Corrupt intent may involve seeking to obtain favorable treatment, business opportunities, or other benefits through the gift. Options A, C, and D are not necessarily criteria for a gift to violate the Bank Bribery Act:
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