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5 Written questions

5 Matching questions

  1. Grease payment
  2. Federal Sentencing guidelines for organizations
  3. True
  4. Aggravating
  5. Consumer Financial Protection Bureau
  1. a The comprehansive Crime Control Act established the U.S. Federal Sentencing Commission in 1984 by an charged it with developing uniform sentencing guidelines for offenders convicted of federal crimes. (true/false)
  2. b Facilitating payments to foreign officials in order to expedite or secure the performance of a routine governmental action is know as a _________.
  3. c (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.
  4. d Factors that can increase the culpability score are called _______ factors
  5. e The ______ holds businesses liable for the criminal acts of their employees and agents.

5 Multiple choice questions

  1. 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.
  2. What is the maximum fine under FSGO
  3. The SBDC strictly enforces the FCPA. (true/false)
  4. The _____ 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).
  5. The best way to minimuze your culpability score is to make sure you have some form of program in place that can effectively detect and prevent violations of law - such as a _______ _______.

5 True/False questions

  1. Compliance programThe 7 steps to and effective _______________ are Management oversight; Corporate policies; Communication of standards and procedures; Compliance with standards and procedures; Delegaation of substantial discretionary authority; Consistent discipline; and Response and Corrective action.


  2. base fine, Culpability Score, total fine(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.


  3. d)All of the following are aggravating factors of the culpability score, except:
    a) the organization willfully obstructed justice.
    b) the organization had an effective program to prevent and detect violations of law.
    c) the currrent offense violated a judicial order, injunction, or condition of probation.
    d) high-level personnel were involved in or tolerated the criminal activity.


  4. Public Company Accounting Oversight Board(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. Title VIIIWhich title protects employees of companyies who provide evidence of fraud?