Certified Regulatory Compliance Manager (CRCM) Practice Exam

Approving the proposed increase in the gift limit within the bank's code of conduct can be seen as reasonable if the increase aligns with industry standards and enhances employee morale without compromising ethical standards. It's important to consider the purpose of such gifts; they often serve to foster relationships and express goodwill. However, an increase should be evaluated in the context of maintaining compliance with regulations and preventing any appearance of impropriety. Generally, a well-defined gift policy allows for a reasonable limit that can help employees navigate situations without fear of disciplinary actions for genuine gestures of goodwill. If the proposed increase has undergone appropriate assessments and ensures that it will not lead to conflicts of interest or violations of the Bank Bribery Act, it may be deemed appropriate to support this change. In balancing the interests of the bank, its employees, and compliance with regulations, this option suggests a forward-thinking approach that does not overlook the importance of gift limits in maintaining ethical standards while allowing for flexibility in employee relations.