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Questions and Answers
What is Compliance?
What is Compliance?
- The process of challenging regulations issued by regulatory authorities
- The act of creating new laws and regulations
- Adherence to set laws and regulations (correct)
- The process used to follow specific regulations established by regulatory authorities
What is the primary objective of the 2023 Compliance AML/CFT Refresher course?
What is the primary objective of the 2023 Compliance AML/CFT Refresher course?
- Reminding staff of their role in preventing Money Laundering and Terrorist Financing (correct)
- Reviewing customer service protocols
- Introducing new compliance regulations
- Training employees on financial analysis
What are the GTBank's Orange Rules primarily focused on?
What are the GTBank's Orange Rules primarily focused on?
- Establishing customer service protocols
- Defining the values for employees to abide by (correct)
- Setting financial targets for the bank
- Outlining marketing strategies
What does AML stand for in the context of the compliance course?
What does AML stand for in the context of the compliance course?
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What do Compliance regulations primarily affect within the Bank?
What do Compliance regulations primarily affect within the Bank?
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