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5 Written questions

5 Matching questions

  1. Aggravating
  2. Consumer Financial Protection Bureau
  3. Secondary
  4. Federal Sentencing guidelines for organizations
  5. False
  1. a The ______ holds businesses liable for the criminal acts of their employees and agents.
  2. b The ________________ is a government agency within the Federal Reserve that oversees financial products and services
  3. c The SEC can enforce criminal penalties of up to $2 million per violation of the FCPA against corporate and business entities. (true/false)
  4. d Factors that can increase the culpability score are called _______ factors
  5. e Prior to the passing of the Foreign Corrupt Practices Act (FCPa), illegal behavior was punishable only through the ______ sources of legislation.

5 Multiple choice questions

  1. In certain cases, a judge has the discretion to impose a "dealth penalty", where the fine is set high enough to match all the organizaion's assets. (true/false)
  2. (CFPB) The ____ ____ _____ ___ was signed as an independent run entity in the Federal Reserve, the CFPB promises to act upon any perceived misconduct by financial intitutions in the treatment of their customers.
  3. (FSGO) The calculation of a degree of blame or guilt that is used as a multiplier of up to 4 times the base fine. The culpability score can be adusted according to aggravating or mitigating factors.
  4. Fortunately, if a bribe is unsuccessful, the company connot be found in violation of the FCPA. (true/false)
  5. (PCAOB) is an independent oversight body for auditing companies. They were charged with maintaining compliance with established standards and enforcing rules and disciplinary procedurees for those organizations that found themselves out of compliance.

5 True/False questions

  1. VolckerThe _____ Rule: Proposed by former Federal Reserve Chairman Paul _____, this rule limits the ability of banks to trade on their own accounts (i.e., invest their own money) in any way that might threaten the financial stability of the institution (and by definition, the financial markets as a whole).


  2. TrueThe Foreign Corrupt Practices Act (FCPA) placed more effective controls over the practice of bribing foreign officials and politicians by American publicly traded companies pursuing international growth. (true/false)


  3. Prohibition(FCPA) The FCPA inclusion of wording from the Bank Secrecy Act and the Mail Fraud Act to prevent the movement of funds overseas for the express purpose of conducting a fradulent scheme.


  4. Routine Governmental Action(FCPA) Any regular administrative process or procedure, excluding any action taken by a foreign official in the decision to award new or continuing business.


  5. Title IIIWhich title required CEOs and CFOs to certify quarterly and annual reports to the SEC?