CRCM Sample Exam 2025/2026 Exam
Questions and Answers | A+ Score
Assured
When reviewing exemptions for continued eligibility under the Bank
Secrecy Act, a review of which of the following is LEAST helpful? -
🧠ANSWER ✔✔Currency Transaction Reports (CTRs)
A number of bank customers are members of the Army Reserve and have
been called to active duty for six months. Your bank's president wishes to
issue a press release stating that the bank will suspend all loan payment
requirements while loan holders are on duty, extend the maturity date of
each loan, and permit interest to accrue at only 10% while the loan holders
are on active duty. You are asked to review the press release. Which of the
following statements represents the advice you should give the president? -
🧠ANSWER ✔✔Upon request, the bank must reduce the interest rate on the
loans to 6% effective on the date that the service members are called to
report for active duty, and remain at 6% until they are released from orders.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
,The bank is beginning e-banking and wants to deliver a full range of
consumer electronic services. The compliance manager is a member of the
project team. Which of the following functions is MOST appropriate for the
compliance manager during the INITIAL stages of this project? -
🧠ANSWER ✔✔Identifying the consumer protection regulatory provisions on
liability and error resolution.
Under the Interagency Statement on Retail Sales of Nondeposit Investment
Products, the required disclosures can be provided to the bank's customer
in all of the following ways EXCEPT: - 🧠ANSWER ✔✔in writing by a teller
when referring a customer to the investment sales area
You are developing bank procedures for determining when to escalate
issues or problems identified as a result of repeat SAR filings on the same
account. These procedures should include all of the following criteria
EXCEPT: - 🧠ANSWER ✔✔notifying the customer
Which of the following is considered a non-listed business that is eligible for
exemption from CTR reporting requirements? - 🧠ANSWER ✔✔Licensed
pari-mutual race track
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
, By policy, a bank does not collect income information on employee loan
applications. When completing the HMDA LAR's income field, the bank
must record the ____________. - 🧠ANSWER ✔✔code for "not applicable"
Your examiner tells you that your bank is straining its resources by not
exempting any of its commercial account holders from CTR filing. The
examiner notes that many of these customers are publicly traded and could
be exempted. Which of the following actions is in the bank's BEST interest?
- 🧠ANSWER ✔✔Determine whether granting exemptions is a manageable
risk for the bank.
In your fair lending self-monitoring program, you found a prohibited basis
that would result in a regulatory violation was factored into the credit score.
You should instruct management to FIRST ____________. - 🧠ANSWER
✔✔suspend the use of the credit scoring system until it can be corrected
The examiners criticized your bank at the last examination for failing to
conduct a BSA/AML risk assessment of its operations. You have been
asked to complete the assessment. Which of the following categories is
NOT suggested by the FFIEC Examination Manual for your risk
assessment? - 🧠ANSWER ✔✔Vendors
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
Questions and Answers | A+ Score
Assured
When reviewing exemptions for continued eligibility under the Bank
Secrecy Act, a review of which of the following is LEAST helpful? -
🧠ANSWER ✔✔Currency Transaction Reports (CTRs)
A number of bank customers are members of the Army Reserve and have
been called to active duty for six months. Your bank's president wishes to
issue a press release stating that the bank will suspend all loan payment
requirements while loan holders are on duty, extend the maturity date of
each loan, and permit interest to accrue at only 10% while the loan holders
are on active duty. You are asked to review the press release. Which of the
following statements represents the advice you should give the president? -
🧠ANSWER ✔✔Upon request, the bank must reduce the interest rate on the
loans to 6% effective on the date that the service members are called to
report for active duty, and remain at 6% until they are released from orders.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
,The bank is beginning e-banking and wants to deliver a full range of
consumer electronic services. The compliance manager is a member of the
project team. Which of the following functions is MOST appropriate for the
compliance manager during the INITIAL stages of this project? -
🧠ANSWER ✔✔Identifying the consumer protection regulatory provisions on
liability and error resolution.
Under the Interagency Statement on Retail Sales of Nondeposit Investment
Products, the required disclosures can be provided to the bank's customer
in all of the following ways EXCEPT: - 🧠ANSWER ✔✔in writing by a teller
when referring a customer to the investment sales area
You are developing bank procedures for determining when to escalate
issues or problems identified as a result of repeat SAR filings on the same
account. These procedures should include all of the following criteria
EXCEPT: - 🧠ANSWER ✔✔notifying the customer
Which of the following is considered a non-listed business that is eligible for
exemption from CTR reporting requirements? - 🧠ANSWER ✔✔Licensed
pari-mutual race track
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
, By policy, a bank does not collect income information on employee loan
applications. When completing the HMDA LAR's income field, the bank
must record the ____________. - 🧠ANSWER ✔✔code for "not applicable"
Your examiner tells you that your bank is straining its resources by not
exempting any of its commercial account holders from CTR filing. The
examiner notes that many of these customers are publicly traded and could
be exempted. Which of the following actions is in the bank's BEST interest?
- 🧠ANSWER ✔✔Determine whether granting exemptions is a manageable
risk for the bank.
In your fair lending self-monitoring program, you found a prohibited basis
that would result in a regulatory violation was factored into the credit score.
You should instruct management to FIRST ____________. - 🧠ANSWER
✔✔suspend the use of the credit scoring system until it can be corrected
The examiners criticized your bank at the last examination for failing to
conduct a BSA/AML risk assessment of its operations. You have been
asked to complete the assessment. Which of the following categories is
NOT suggested by the FFIEC Examination Manual for your risk
assessment? - 🧠ANSWER ✔✔Vendors
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
