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APRP - LM Questions and Answers with Verified Solutions | Latest 2026 Update

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APRP - LM Questions and Answers with Verified Solutions | Latest 2026 Update

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APRP - LM Questions and Answers with Verified Solutions | Latest
2026 Update




Q: PRIMARY PAYMENTS SYSTEM RISK

Answer:
Compliance
Credit
Fraud
Operational
Systemic

Q: Name the ancillary payments system risks

Answer:
1. Counterparty
2. Cross- Channel
3. Direct Access
4. Legal
5. Liquidity
6. Strategic
7. Third-Party
8. Transaction

,APRP - LM Questions and Answers with Verified Solutions | Latest
2026 Update




Q: What is Compliance risk?

Answer:
Occurs when a party to a transaction fails to comply, either knowingly or
inadvertently, with payment system rules and policies, regulations and applicable US
and state laws

Q: NAME THE RULES AND REGS GOVERNING ACH

Answer:
Nacha Operating Rules
EFTA and Regulation E
Regulations CC and D
31 CFR 203, 208, 210 and 370
UCC 3, 4, 4A
BSA/AML
State EFT Acts
FRB OC 4

,APRP - LM Questions and Answers with Verified Solutions | Latest
2026 Update




Q: Private Sector ACH Operator Rules

Answer:
OFAC

Q: NAME THE RULES AND REGS GOVERNING CARDS

Answer:
Regulations E, Z and II
Card Network Rules
Credit CARD Act of 2009
PCI DSS

, APRP - LM Questions and Answers with Verified Solutions | Latest
2026 Update




Q: NAME THE RULES AND REGS GOVERNING CHECK/RDC

Answer:
Regulation CC
UCC 3 and 4
Regulation J, Subpart A
FRB OCC 3
ECCHO Rules
BSA/AML

Q: NAME THE RULES AND REGS GOVERNING WIRES

Answer:
Regulation E, Subpart B
Regulation J, Subpart B
Regulation CC
FRB OCs 1, 5 and 6
UCC 4A
BSA (31 CFR 103)
OFAC

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