Certified Regulatory Compliance Manager (CRCM) — Question 261

When does a gift accepted by a banker clearly violate the Bank Bribery Act?

Answer options

• A. When it is given for personal reasons
• B. When it is given with corrupt intent
• C. When it is valued at a dollar amount exceeding $50
• D. When it is not given in connection with a generally accepted holiday

Correct answer: B

Explanation

The correct answer is B, as the Bank Bribery Act is primarily concerned with gifts given with corrupt intent. Options A, C, and D do not specifically address the corrupt nature of the gift, which is the key factor in determining a violation of the Act.