The CE Quizzes in ABA Bank Compliance provide up to six continuing education credits per year to those who
hold the CRCM certification. Each quiz consists of ten questions taken directly from the articles in each issue.
The quizzes have been pre-approved for 1.0 credit each. You must correctly answer seven out of ten questions
to receive the credit. To take the quiz, please go to the ABA Certification Manager, aba.csod.com. After you
login, click on Manage My CE on the home page which will take you to the “Certification Details” page. Locate
the quiz, select “Request” to launch the quiz. Quiz credits are automatically uploaded to your record. This quiz
will be available for one full year from publication. If you have any questions, please contact ABA Professional
Certifications at email@example.com.
How Banks Can Share Information Effectively
by Kelley Chamberlain, CAFP
1. What does the author say is one of the most
effective ways for a bank to mitigate cyber threats?
a. Don’t use computers.
b. Share information.
c. Level 4 Transport integration.
d. AML, Fraud and Cyber should operate in silos.
2. Among other things, Congress enacted the USA
PATRIOT ACT to:
a. Provide mechanisms to facilitate the exchange of
information in the financial industry.
b. Keep a watchful eye on the financial status of the
c. Encourage patriotism and support of the armed forces.
d. Set a standard of protocols in the case of a nation-wide
3. Which of the following is true about the benefits
of safe harbor?
a. It disallows the gathering of transactional customer
b. It requires banks to have specific cyber protocols in
c. It aids in filing more comprehensive SARs.
d. It improves the efficiencies of filing the Total Suspicious
People (TSP) Report.
AI and Big Data:
What Compliance Professionals Need to Know
by Joseph N. Durham, CRCM, CAMS, and
Christopher J. Sifter, PMP
4. Before analysis and AI model development can
begin, which of the following is NOT something the
author says an organization must understand?
a. Which data is available.
b. How the data is segmented.
c. The trustworthiness of data.
d. The expiration date of the data.
5. Data Governance is:
a. A hacktivist independence movement.
b. How an organization manages its data over time to
establish and maintain the data’s trustworthiness.
c. How data has evolved over time, resulting in systems
that have a mind of their own.
d. How big data uses AI to manage an organization over
time to disorder and confuse the credibility of the the
6. What is an accurate statement about data
a. Data validation also makes sure that the data is
accurate and collected, handled, moved, and mapped
b. Data validation is not part of data governance.
c. Data validation is the first step in following the Patriot
Act protocols outlined in 341c.
d. Financial institutions are required by law to undergo
independent data validation reviews on a monthly
ADA Website Compliance
by Leah M. Hamilton, J.D.
7. The official standard for website availability has the
following 4 primary principles:
a. Perceivable, Operable, Understandable, and Robust.
b. Discernable, Comprehendible, Manageable, Functional.
c. Controllable, Vigorous, Trainable, and Marketable.
d. Productive, Powerful, Invulnerable, and Brawny.
8. Which of the following statements does WCAG
2.0 AA consider to be a part of the “Operable”
a. Do not use content that causes seizures.
b. Make text readable and understandable.
c. Provide captions and other alternatives for multimedia.
d. Make sure to capture user information.
Virtual Currencies: What Banks Need to Know
By Stevie D. Conlon
9. A virtual currency or cryptocurrency is:
a. An asset that exists only in physical, not digital form.
b. An asset that exists only in digital, not physical, form
and uses a cryptographic hash for security.
c. Converts only two forms of data into a unique string of
d. Typically supported or overseen by a national bank or
10. What does the author say is probably the most
important virtual currency issue that U.S. financial
institutions face today?
a. Volatile valuations.
b. No barrier to entry as a currency creator.
c. Regulation of virtual currencies, ICOs and token activity.
d. Tax implications and forks.