10 Questions
According to the text, what is the purpose of the CAN-SPAM Examination Worksheet?
To review audit work papers, evaluate bank policies, perform transaction testing, and train as appropriate
What is one of the key steps to be taken after identifying violations and weaknesses in the institution’s compliance program?
Discuss findings with the institution’s management and obtain a commitment for corrective action
What is the primary purpose of the financial institution initiating e-mail messages according to CAN-SPAM Examination Worksheet?
Commercial
In the context of CAN-SPAM Examination Worksheet, what action should be taken if the financial institution does not initiate e-mail messages for commercial purposes?
Stop further assessment
In the sending of commercial e-mail messages, what does the financial institution prohibit?
Use of false or misleading header information
Does the financial institution use a functioning e-mail return address or other response mechanism for opt-out requests?
Yes, and they are displayed clearly and conspicuously
Does the financial institution prohibit future transmissions of commercial e-mail messages within how many business days of receiving the opt-out request?
10 business days
What does the financial institution's commercial e-mail message provide clearly and conspicuously?
Identification that the e-mail message is an advertisement or solicitation
Does the financial institution prohibit the use of address harvesting or dictionary attacks as a means of obtaining consumer e-mail addresses?
Yes, it is prohibited
Does the financial institution prevent the transmission of unlawful commercial e-mail messages by persons who access financial institution computers or computer network systems without authorization?
Yes, it prevents such transmission
This worksheet focuses on reviewing internal controls, audit and compliance reviews, training, management oversight, and other factors related to CAN-SPAM Act compliance. It also helps in identifying violations, weaknesses, and necessary corrective actions in the institution's compliance program.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
