Certified Regulatory Compliance Manager (CRCM) — Question 258

Which of the following is NOT a written record the bank should retain in complying with the Bank Bribery Act?

Answer options

• A. A copy of the bank's internal code of conduct
• B. A list of all gifts received by bank officers during the year
• C. Disclosures of unauthorized gifts
• D. A list of all bank officers' outside business interests

Correct answer: B

Explanation

The correct answer is B because the Bank Bribery Act requires banks to maintain records related to compliance, but does not specifically mandate retaining a list of all gifts received by officers. Options A, C, and D are all necessary records that help ensure the bank operates within the legal framework set by the Act.