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5 Written questions

3 Matching questions

  1. Foreign Corrupt Practices Act.
  2. Financial Stability Oversight
  3. True
  1. a The introduction of the ______ placed more effective controls over bribing practices and less obvious forms of payment to foreign officials and politicians by American publicly traded companies pursuing internantonal growth.
  2. b Processing government papers such as visas is a routine government action. (true/false)
  3. c Led by the Treasury secretaery and a team of senior financial regulators, the ______ ______ ______ Council is empowered to act if a bank with more than $50. billion in assets poses a grave threat to the financial stability of the US. As a promised fix for "too big to fail", the FSOC has the power to intervene in any apect of the bank's management up to and including the termination of business practices.

5 Multiple choice questions

  1. Responsibilities granted to the Consumer Financial Protection Bureau include the authority to examine and enforce regulation for banks and credit unions with assets over $10 billion; the creation of a new Office of Financial Literacy; the creation of national consumer complaint hotline and the consolidation of all consumer protection responsibilities currently handled by the Office of the Comptroller of the Currency, Office of Thrift Supervision, Federal Deposit Ins. Co (FDIC), Federal Reserve, Nat. Credit Union Admin (NCUA), the Department of Housing and Urban Dev (HUD) and the Fed. Trade Comm. (FTC). (true/false)
  2. The so-called _____ _____ is where the fine is set high enough to match all the organizations assets - and basically put the organization out of business. This is warranted where the organization was operating primarily for a criminal purpose.
  3. Facilitating payments to foreign officials in order to expedite or secure the performance of a routine governmental action is know as a _________.
  4. (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.
  5. Factors that can increase the culpability score are called _______ factors

5 True/False questions

  1. Culpability ScoreFortunately, if a bribe is unsuccessful, the company connot be found in violation of the FCPA. (true/false)

          

  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. Routine Governmental Action- Providing permits, licenses, or other official documents to qualify a person to do business in a foreign country.
    - Processing governmental papers, such as visas and work orders.
    - Providing police protection, mail pickup and delivery, or scheduling inspections associated with contract performance or inspections related to transit of goods across a country.
    - Providing phone service, power, and water supply; loading and unloading cargo; or protecting perishable products or commodities from deterioration.
    - Performing actions or a simular nature.

          

  4. Public Company Accounting Oversight BoardLed by the Treasury secretaery and a team of senior financial regulators, the ______ ______ ______ Council is empowered to act if a bank with more than $50. billion in assets poses a grave threat to the financial stability of the US. As a promised fix for "too big to fail", the FSOC has the power to intervene in any apect of the bank's management up to and including the termination of business practices.

          

  5. MitigatingFactors that can decrease the culpability score are called _______ factors

          

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