COMPLIANCE - CUNA
|Compliance |Regulation CC |[pic] |
|Quiz | | |
|[pic] | |
| |These questions are based on the Regulation CC in the Teller Manual and Disclosure. |
| | |
| | |
| |Longer delays on funds availability may apply if you deposit checks totaling more that $5,000 on any one day. |
| |True or False |
| | |
| |Deposits made to the night depository after 3:00pm will be considered a deposit made on the current business day. |
| |True or False |
| | |
| |If deposit is not made directly to an RCU employee and we choose to hold the funds, we must notify the member by |
| |telephone within 1 day after we receive the deposit. |
| |True or False |
| | |
| |According to RCU’s Hold Policy, how long would you place a hold on a check for $250 for a new Member? |
| |2-Day |
| |5-Day |
| |11-Day |
| |No Hold |
| | |
| |According to Reg CC and RCU’s Hold Policy, what is the maximum hold time RCU can place on a local check? |
| |1-Day |
| |2-Day |
| |5-Day |
| |7-Day |
| | |
| |When a hold is placed on a $500 deposit, how much will be released on the following business day? |
| |$0- None |
| |$100 |
| |$500 |
| |Full deposit amount |
| | |
| |As a new Member, what funds would be available on the day that they are received? |
| |In Person Deposits |
| |Mail-In Deposits |
| |Electronic Deposits |
| |ATM Deposits |
| | |
|Compliance |Regulation CC |[pic] |
|Quiz | | |
|[pic] | |
| | |
| |According to Reg CC and RCU’s Hold Policy, what is the maximum hold time in the following situations: |
| |New Member account, Federal Tax Refund Check in the amount of $4460.00 |
| |______________________________________________________________ |
| |Member since 1999, Local Known Payroll check in the amount of $1,783.87 |
| |______________________________________________________________ |
| |Member since 1983, Non-Local Meryll Lynch check in the amount of $7,458.54 |
| |______________________________________________________________ |
| |Member since 2001, Local personal check in the amount of $75.00 |
| |______________________________________________________________ |
| | |
|Compliance |Member Information Security |[pic] |
|Test | | |
|[pic] |These questions are based on the Member Information Security document on the RCUNet. |
| |Member information may be released only upon the Member’s request. |
| |True or False |
| |Deeds of Trust and DMV files are to be stored in fireproof cabinets. |
| |True or False |
| |Fax machines must be placed in areas that are inaccessible to the public. |
| |True or False |
| |How often does the Information Technology department update Member information systems? |
| |Throughout the day |
| |Every other day |
| |Weekly |
| |Monthly |
| | |
| |Which of the following should be forwarded to the IT department for destruction? |
| |Member Receipts older than 5 years |
| |Personal Computers |
| |Member Statements older than 10 years |
| |Fax Machines |
| | |
| |What department is responsible for reviewing all upgrades to the member information system? |
| |Executive Team |
| |Branch Operations |
| |Internal Technology |
| |Internal Audit |
| | |
| | |
| |How must onsite member information documents be disposed of? |
| |Placed in a locked shred bin |
| |Placed in trash |
| |Sent to Research Department |
| |Placed in locked cabinets |
| | |
| |Which of the following would not be considered acceptable ID? |
| |Military Issued ID Card |
| |State Issued ID Card |
| |US Government Issued passport |
| |US Postal Service Employee ID Card |
| | |
| |What is the name of the program created to assist with the recreation of lost documents? |
| |Business Recall Program |
| |Business Recovery Program |
| |Document Recovery Program |
| |Disaster Recovery Program |
| | |
| |Which of the following are limited access documents? (Choose all that apply) |
| |Membership disclosure |
| |Loan documents |
| |Teller receipts |
| |Brochures |
| |Signature Cards |
| | |
| | |
|Compliance |OFAC Training |[pic] |
|Quiz | | |
|[pic] | |
| |These questions are based on the OFAC Information on the RCUNet. |
| | |
| | |
| |All first mortgage applications are automatically screened against the OFAC list. |
| |True or False |
| | |
| |On a monthly basis, the accounting department will run a batch comparison of all RCU Members against the OFAC list. |
| |True or False |
| | |
| |Training will be presented quarterly to only branch staff. |
| |True or False |
| | |
| |What does OFAC stand for? |
| |Office of Financial Assets Control |
| |Office of Foreign Asset Control |
| |Office of Financial Accounts Control |
| |Office of Foreign Accounts Council |
| | |
| |What department reviews all out-going and incoming foreign wire transfers against the OFAC list? |
| |Branch Operations |
| |Internal Audit |
| |Information Technology (IT) |
| |Accounting |
| | |
| |How long must the Internal Audit Department retain documentation of positive matches of new accounts screened |
| |through the OFAC list? |
| |1 Year |
| |2 Years |
| |5 Years |
| |10 Years |
| | |
| |Who will contact the Member to inform them that action has been taken regarding a positive OFAC list match? |
| |Branch Manager |
| |AVP Branch Operations |
| |AVP Accounting |
| |OFAC Officer |
| | |
| | |
| | |
|Compliance |OFAC Training |[pic] |
|Quiz | | |
|[pic] | |
| | |
| |What actions might be taken against accounts that have a potential match with the OFAC List? (Choose all that apply)|
| |Freezing Assets |
| |Rejected Transactions |
| |Comment on Account |
| |Closing of Account |
| |Blocked Transactions |
| | |
| |List the countries that are currently listed on the OFAC Sanctions list. |
| |. |
| |. |
| |. |
| |. |
| |. |
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