The CE quizzes in ABA Bank Compliance magazines provide up to six continuing education credits per year to
Certified Regulatory Compliance Managers (CRCMs). Each quiz consists of 10 questions taken directly from the
articles in each issue and have been pre-approved by the ICB for 1.0 credit per quiz. You must correctly answer
seven out of the 10 questions to receive the credit.
To take the quiz, please go to www.icbmembers.org, login, and click on “Continuing Education Quizzes (ABA
Magazine)” located on the left-hand side of the page. Once you have completed the quiz, you will receive immediate
notification of the results, which can be printed and saved for your records. Quiz credits are automatically uploaded
to your record and will show under “My Continuing Education Credits” within 48 hours. If you have any questions,
contact ICB’s Continuing Education Manager at icb@aba.com.
CRCM
Certified Regulatory
Compliance Manager
Managing an Effective AML Program
By John H. Atkinson, CAMS
1. Ownership and management of anti-money
laundering (AML) risk is typically assigned to what
group, also known as the “first line” of defense?
a. Outside vendors.
b. The AML Department.
c. Individual operating lines of business.
d. Internal audit.
2. Which state-level regulator has distinguished itself
by taking significant, unilateral action for AML or
sanctions problems?
a. New York Department of Financial Services.
b. Washington State Department of Financial
Institutions.
c. Florida Office of Financial Regulation.
d. Rhode Island Department of Business Regulation
3. How can banks deal with the tight market for
qualified AML professionals?
a. Exclusively seek internal candidates.
b. Force AML professionals to work long hours.
c. Cut benefit packages.
d. Develop a pipeline of potential candidates.
4. What U.S. law targets U.S. citizens using foreign
bank accounts to evade taxes?
a. The Affordable Care Act.
b. The Foreign Account Tax Compliance Act.
c. The Bank Secrecy Act.
d. The Money Laundering Suppression Act.
From Blurry to High Def Customer Due Diligence
By Paul Burgoyne, CAMS, and Sheryl Austin, CAMS
5. The potential negative consequences of failure to
meet customer due diligence (CDD) compliance
mandates include:
a. An institution’s CDD efforts may receive positive
reviews from regulators.
b. Very few penalties and fines are levied against an
institution.
c. The reputation of an institution may be severely
damaged.
d. Customers and the general public gain trust in the
institution’s brand.
6. In what department is it most critical to have ready
access and ownership of the CDD data?
a. Compliance.
b. Marketing.
c. Sales.
d. Operations.
7. When is it crucial to gather comprehensive customer
data for risk rate coding?
a. Upon an inquiry for rates and terms.
b. At account opening.
c. Upon a change of address.
d. During a visit to a branch.
Is Your Bank Socially Savvy?
By Thomas J. Healy, CRCM, and Matt Burton
8. In its March 31, 2013 earnings report, Facebook
said it had how many subscribers?
a. 7. 8 million.
b. 9. 35 million.
c. 1. 11 billion.
d. 2.73 billion.
9. What social media site has lost users since 2007?
a. MySpace
b. Facebook
c. Twitter
d. Pinterest
Managing the Cloud is Clearer than You May Think
By Doug Johnson and Cindy Williams, CRCM
10. Which kind of cloud is operated solely by a bank?
a. A community cloud.
b. A public cloud.
c. A hybrid cloud.
d. A private cloud.
