BSACs Exam Prep PRACTICE EXAM NEWEST 2026
TEST BANK| SCTE -BROADBAND TELECOMCENTER
SPECIALIST CERTIFICATION EXAM PREP WITH
COMPLETE REAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS/ ALREADY GRADED A+ (MOST
RECENT!!)
The BSA Officer must be knowledgeable of:
a. BSA, and related regulations
b. The credit union's products and services
c. The credit union's members
d. The credit union's neighborhoods
e. a&b
f. All of the above
f. all of the above
True/False: If you are a small credit union it is acceptable to have the
BSA officer determine when a CTR is necessary, fil out the CTRs, and
determine who is eligible for a CTR exemption.
False
Regulators recommend that independent test of your BSA program
should be done:
a. Annually
b. Every 12 to 18 months
c. Whenever necessary
d. Before each exam
b. Every 12 to 18 months
,Which of the following products and services could possibly pose a
higher risk for illegal activities?
a. Wire transfers
b. Monetary instruments
c. Traveler's checks
d. All of the above
d. All of the above
Section 326 of the USA Patriot Act requires financial institutions to:
1. implement reasonable procedures to verify the identity of any person
seeking to open an account
2. maintain records of the information used to verify the person's identity
3. determine whether the person appears on any lists of known or
suspected terrorists or terrorist organizations provided to the FI by any
government agency
4. provide the member opening a new account with notice of the
information collection requirement.
A financial institution's CIP should be tailored to:
1. it's size
2. location
3. types of accounts offered
4. methods of opening accounts; and
5. any other risk factors the FI believes affects its CIP procedures
, What four pieces of information are credit union's required to collect on
each new member?
1. name
2. address
3. date of birth
4. identification number
What are the two methods a credit union can use to verify identity?
1. documentary
2. non-documentary
What does the credit union's CIP procedures have to describe?
1. how the identity will be verified
2. when documentary methods, non-documentary methods, or a
combination of both methods will be used; and
3. what documents and non-documentary information the credit union
will accept.
True/False: the credit union must provide an adverse action notice if it
refuses to open an account based on a consumer report
True
The identification and verification rules do NOT apply to which of the
following?
a. Joint owners
b. Beneficiaries
c. Co-borrowers
d. Non-resident aliens
b. Beneficiaries
TEST BANK| SCTE -BROADBAND TELECOMCENTER
SPECIALIST CERTIFICATION EXAM PREP WITH
COMPLETE REAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS/ ALREADY GRADED A+ (MOST
RECENT!!)
The BSA Officer must be knowledgeable of:
a. BSA, and related regulations
b. The credit union's products and services
c. The credit union's members
d. The credit union's neighborhoods
e. a&b
f. All of the above
f. all of the above
True/False: If you are a small credit union it is acceptable to have the
BSA officer determine when a CTR is necessary, fil out the CTRs, and
determine who is eligible for a CTR exemption.
False
Regulators recommend that independent test of your BSA program
should be done:
a. Annually
b. Every 12 to 18 months
c. Whenever necessary
d. Before each exam
b. Every 12 to 18 months
,Which of the following products and services could possibly pose a
higher risk for illegal activities?
a. Wire transfers
b. Monetary instruments
c. Traveler's checks
d. All of the above
d. All of the above
Section 326 of the USA Patriot Act requires financial institutions to:
1. implement reasonable procedures to verify the identity of any person
seeking to open an account
2. maintain records of the information used to verify the person's identity
3. determine whether the person appears on any lists of known or
suspected terrorists or terrorist organizations provided to the FI by any
government agency
4. provide the member opening a new account with notice of the
information collection requirement.
A financial institution's CIP should be tailored to:
1. it's size
2. location
3. types of accounts offered
4. methods of opening accounts; and
5. any other risk factors the FI believes affects its CIP procedures
, What four pieces of information are credit union's required to collect on
each new member?
1. name
2. address
3. date of birth
4. identification number
What are the two methods a credit union can use to verify identity?
1. documentary
2. non-documentary
What does the credit union's CIP procedures have to describe?
1. how the identity will be verified
2. when documentary methods, non-documentary methods, or a
combination of both methods will be used; and
3. what documents and non-documentary information the credit union
will accept.
True/False: the credit union must provide an adverse action notice if it
refuses to open an account based on a consumer report
True
The identification and verification rules do NOT apply to which of the
following?
a. Joint owners
b. Beneficiaries
c. Co-borrowers
d. Non-resident aliens
b. Beneficiaries
