RDC

Question 1

When risk level warrants, a visit tot he customer’s _______ location should be performed prior to issuing a RDC.

Answer 1

physical

Question 2

What is the primary operational risk factor in the RDC delivery channel?

a. Fraud
b. Regulatory
c. Information Security
d. Vendor Management

Answer 2

a. Fraud

Question 3

What is a key risk mitigation technique when offering RDC options to customers?

a. Risk Assessment
b. Customer Due Diligence
c. Contracts & Agreements
d. Vendor Due Diligence

Answer 3

b. Customer Due Diligence

Question 4

Which of the following parties is responsible for risk management of RDC activities offered by a financial institution?

a. A Third Party Service Provider
b. The individual RDC customer
c. The Legal Department of the Bank
d. The Board of Directors of the Bank

Answer 4

d. The Board of Directors of the Bank