Regulatory Compliance Training Quiz
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Questions and Answers

What is the focus of the training from 09:30 to 10:30?

  • SRO Membership
  • Reporting Duties
  • Risk Classification (correct)
  • Organizational duties

    • What is the purpose of the regulatory training?

  • To minimize compliance with laws and regulations
  • To ensure full compliance with laws and regulations (correct)
  • To maximize profits
  • To bypass legal requirements

    • What is the topic of focus for the client's wishes?

  • Embargo and Sanctions
  • Risk Classification (correct)
  • Blockchain
  • Fintech

    • What is the time allocated for the quiz?

    <p>14:30 – 15:00</p> Signup and view all the answers

    Why does a financial intermediary need to approach the financial market with full compliance with laws and regulations?

    <p>To conduct its strategy in full compliance with laws and regulations</p> Signup and view all the answers

    What is the primary role of Self-regulatory organizations (SROs) in the financial sector?

    <p>Defining due diligence requirements under AMLA</p> Signup and view all the answers

    Which of the following activities is prohibited for SRO members?

    <p>Exchange of securities token</p> Signup and view all the answers

    What is the notice period for termination of VQF Membership?

    <p>3 months</p> Signup and view all the answers

    Which of the following is considered a permitted activity for SRO members under AMLA?

    <p>Centralised crypto exchange FIAT/crypto or crypto/crypto</p> Signup and view all the answers

    What does VASP stand for in the financial sector?

    <p>Virtual Asset Service Provider</p> Signup and view all the answers

    What is the focus of the training from 10:30 to 12:00?

    <p>Risk Classification</p> Signup and view all the answers

    What is the primary role of Self-regulatory organizations (SROs) in the financial sector?

    <p>Enforcing government regulations</p> Signup and view all the answers

    Which of the following is NOT a focus area for JayBee Regulatory Guides?

    <p>Retail Marketing</p> Signup and view all the answers

    What does AMLA stand for in the context of regulatory training?

    <p>Anti-Money Laundering Act</p> Signup and view all the answers

    What is the purpose of the quiz scheduled from 14:30 to 15:00?

    <p>To test the staff's knowledge on core legal and compliance topics</p> Signup and view all the answers

    What do SROs define under AMLA in their own regulations?

    <p>Duties of due diligence under AMLA</p> Signup and view all the answers

    Which of the following activities is prohibited for SRO members?

    <p>Exchange of securities token</p> Signup and view all the answers

    In the context of SRO membership, what is the notice period for termination of VQF Membership?

    <p>3 months</p> Signup and view all the answers

    What is the primary means of communication for Interaction with VQF in the context of SRO membership?

    <p>Individual communication</p> Signup and view all the answers

    Which of the following is an activity permitted for SRO members under AMLA?

    <p>Debt collection</p> Signup and view all the answers

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