Certified Regulatory Compliance Manager (CRCM) — Question 257

Which of the following would NOT be acceptable under the Bank Bribery Act and the relevant guidelines?

Answer options

• A. A luncheon paid for by a bank customer after a transaction is closed
• B. A gift of a hunting rifle to a loan officer from a borrower at Christmas
• C. The gift of a gold watch to a loan officer from a customer who is the loan NOTES officer's cousin
• D. An award of a writing pen and pencil set to a bank officer by a civic organization

Correct answer: B

Explanation

Option B is correct because it involves a significant gift from a borrower to a loan officer, which can be perceived as a bribe. Options A, C, and D do not present the same level of ethical concern, as they either involve minor gifts or gifts from non-borrowers, making them acceptable under the guidelines.