Study for the Certified Bank Secrecy Act Professional Test. Use flashcards and multiple-choice questions with hints and explanations. Get exam ready!

Multiple Choice

A CVC Transaction refers to which of the following?

CVC Transaction is a label used in the bank’s risk taxonomy to identify a specific type of transaction. The question is asking which option corresponds to that category, so the correct choice is the one that literally names the category itself. The other options describe things that aren’t transaction types: data decryption is a security process, CYBER-FIN-2020-A006 sounds like a document or reference code, and red flags are indicators of potential risk rather than a transaction category.

CVC Transaction is a label used in the bank’s risk taxonomy to identify a specific type of transaction. The question is asking which option corresponds to that category, so the correct choice is the one that literally names the category itself. The other options describe things that aren’t transaction types: data decryption is a security process, CYBER-FIN-2020-A006 sounds like a document or reference code, and red flags are indicators of potential risk rather than a transaction category.