CRCM Exam QuestionsBrowse all questions from this exam

CRCM Exam - Question 5


In a compliance program, tactical compliance procedures should be integrated into business line procedures, such as how to deliver an Adverse Action Notice when an application is declined. In this case:

Show Answer
Correct Answer: AD

In a compliance program, tactical compliance procedures should ensure that regulations are applied consistently throughout the bank to establish uniformity and adherence to laws. Moreover, assisting business units in developing or revising policies and procedures is crucial to align with current regulatory requirements, ensuring that the institution remains compliant and can effectively manage risks associated with non-compliance.

Discussion

1 comment
Sign in to comment
JessyJazz24Options: AB
Oct 4, 2023

It's the right decisions to regulate the company not go under