Certified Regulatory Compliance Manager (CRCM) — Question 219

Records that must be retained for deposit accounts include which of the following?

Answer options

• A. Average daily balance
• B. Overdraft history
• C. All amounts of currency deposited or withdrawn
• D. Customer's TIN

Correct answer: D

Explanation

The correct answer is D, as the Customer's TIN is a critical piece of information required for tax reporting and compliance. Options A, B, and C, while important for account management, do not have the same mandatory retention requirement for regulatory purposes.