Exam (elaborations)
AML BSA Compliance with 100- correct answers(100- accuracy).
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AML BSA Compliance with 100- correct answers(100- accuracy).
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AML \ BSA Compliancewith 100% correct
answers(100%
accuracy)
Policy:
E-Sign Policy (NOTE: The FinTech will adopt the Bank's Policy) - answer
The E-Sign Act allows the use of electronic records to satisfy any statute,
regulation, or rule of law requiring that such information be provided in
writing, if the consumer has affirmatively consented to such use and has
not withdrawn such consent.
Reg CC (Funds Availability) Policy - answer Regulation CC sets forth the
requirements that credit unions make funds deposited into transaction
accounts available according to specified time schedules and that they
disclose their funds availability policies to their members. It also
establishes rules designed to speed the collection and return of unpaid
checks
Privacy Policy (Reg P) **Inclusive of GLBA, RFPA, CCPA, COPPA, & CAN
SPAM - answer Regulation P requires financial institutions to provide
certain privacy notices and to comply with certain limitations on the
disclosure of nonpublic personal information to nonaffiliated third parties
and requires financial institutions and others to comply with certain
limitations on redisclosure and reuse.
cardholder agreement - answer a legal document outlining the terms
under which a credit card is offered to a customer
Privacy Notice (Reg P) - answer requires financial institutions to provide
certain privacy notices and to comply with certain limitations on the
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