Preview Questions Compliance Officer | Role Specific Skill

Question 1: What is the key element in preparing an investigation plan?

Which action should you take?

Choose only one option

Defining the scope and objectives

Drafting marketing materials

Reducing operational costs

Assigning penalties

Question 2: Which tool is commonly used for data mining in compliance investigations?

Which action should you take?

Choose only one option

SAS

Tableau

SAP

JIRA

Question 3: What is the purpose of the Capital Adequacy Ratio (CAR) in financial institutions?

Which action should you take?

Choose only one option

To monitor customer creditworthiness

To regulate interest rates across financial markets

To ensure that a bank has enough capital to absorb potential losses

To track the profitability of financial investments

Question 4: What is the maximum penalty for a single violation of the Foreign Corrupt Practices Act (FCPA) by a corporation?

Which action should you take?

Choose only one option

$100 million

$10 million

$500 million

$1 million

Question 5: How does the use of cloud-based documentation tools impact compliance reporting?

Which action should you take?

Choose only one option

Reduces audit scope

Limits multi-jurisdictional collaboration

Enhances scalability

Eliminates data redundancy

Question 6: Which regulation requires financial institutions to report suspicious transactions that might indicate money laundering?

Which action should you take?

Choose only one option

Bank Secrecy Act (BSA)

Glass-Steagall Act

Dodd-Frank Act

Gramm-Leach-Bliley Act