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Certified Regulatory Compliance Manager CRCM (CRCM) - American College Exam Questions

Last updated on June 20, 2026

97% Exam Compliance
463 Total Questions
1
Question
First National Bank owns a data processing company that sells financially related data processing services to various businesses in the community. Daniel Tyler, a loan officer, is negotiating a loan to a local CPA firm. He would like to make the loan conditional on the CPA firm’s use of the subsidiary data processing firm.May he do so?
Options
A Yes, because it is not related to pricing.
B Yes, because it is not a bank service.
C No, unless the company was planning to obtain a new data processing service provider anyway.
D No. It is an illegal tie-in.
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2
Question
FA presents cash to the bank and seeks to wire it to his spouse, RA, in Cub A. The OFAC list identifies RA as a specially designated national. Under OFAC Regulations, what should the bank do?
Options
A Conduct the transfer as requested and take no further action
B Block the transfer
C Conduct the transfer only if the bank determines that Cuba is not a blocked country
D Conduct the transfer as requested and notify OFAC immediately
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3
Question
In Requirements section of Adjusted Mortgage Regulation (12 CFR 34), for loans subject to both the OCC ARM regulation and to Regulation Z, 12 CFR 226.19(b)—that is, loans made to an individual, for personal purposes, secured by the borrower’s principal dwelling, and having a term longer than one year— the index to which the interest rate is tied must be:
Options
A Readily available to and verifiable by the browser
B Specified in loan documents
C A and B only
D Multiple values of a chosen measure or a moving average of the chosen measure calculated over a specified period
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4
Question
For which of the following is a bank most likely to be in danger of receiving a cease and desist order?
Options
A Failure to document AML training to its part-time clerical employees
B Repetition in a BSA examination of a noncritical deficiency reported in a previous BSA examination
C Failure to file suspicious activity reports
D A 2 percent error rate on the bank’s CTRs
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5
Question
Which of the following transactions is subject to the provisions of Regulation O?
Options
A Travel advance to an executive officer outstanding for less than 30 days
B Time deposit account held by a director
C Extension of credit to a member of the bank's board of directors
D Extension of credit to a director of an unaffiliated, competing, noncorrespondent bank
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