Compliance Regime Implementation Quiz
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Questions and Answers

What is the purpose of the memo the Chief Compliance Officer is writing?

  • To describe the current compliance program
  • To implement a new compliance program (correct)
  • To evaluate the effectiveness of the compliance program
  • To report on compliance violations

    • What is the Chief Compliance Officer asked to describe in the memo?

  • The benefits of the current compliance program
  • The consequences of non-compliance
  • The history of compliance in the organization
  • Three features of the new compliance program (correct)

    • What strategies will the Chief Compliance Officer use to get employees to follow the new compliance program?

  • Threatening employees with punishment for non-compliance
  • Ignoring non-compliance altogether
  • Offering financial incentives for compliance
  • Providing training and education on the program (correct)

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