Certified Regulatory Compliance Manager (CRCM) — Question 13

Compliance professionals have a duty to keep senior management and the board apprised of the state of compliance within the bank through which of the following:

Answer options

• A. Self-monitoring and audit results
• B. Proactive compliance controls
• C. Timely and accurate regulatory reporting
• D. All of the options mentioned above

Correct answer: D

Explanation

The correct answer is D because all the listed options contribute to a comprehensive understanding of compliance status. Self-monitoring and audit results provide insight into internal processes, proactive compliance controls help in preventing violations, and timely regulatory reporting ensures all stakeholders are informed about compliance with laws and regulations.