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Exam CRCM topic 1 question 2 discussion

Actual exam question from ABA's CRCM
Question #: 2
Topic #: 1
[All CRCM Questions]

They also embrace the concept of risk-based compliance management. They expect compliance management to be tailored to the bank, be it large or small, offering standard or specialty financial services, simple or complex products lines, and adjusted as appropriate for the customer base as that issued for the Bank
Secrecy Act, also establishes their expectations that a bank's program be risk based. Who are they?

  • A. Outsourcing firms
  • B. Foreign financial service providers
  • C. Bank regulatory agencies
  • D. Risk management organizations
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Suggested Answer: C 🗳️

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KienCT
4 months ago
Sumbbitt answers
upvoted 1 times
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JessyJazz24
1 year, 2 months ago
Selected Answer: C
It's the correct direction to go for all It companies
upvoted 1 times
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jaxorev732
3 years, 9 months ago
Yes, correct
upvoted 1 times
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