#1
Which of the following laws protects consumers' personal information?
HIPAA
GDPR
Sarbanes-Oxley Act
FERPA
#2
What does GDPR stand for?
Global Data Privacy Regulation
General Data Protection Regulation
Global Data Protection Rule
General Data Privacy Rule
#3
What does the acronym 'AML' typically stand for in regulatory compliance?
Anti-Money Laundering
Automated Machine Learning
Anti-Market Leverage
Alternative Management Liability
#4
Which of the following is a key component of KYC procedures?
Keeping Your Customer
Know Your Competitors
Know Your Customer
Keeping Your Company
#5
What is the purpose of the Health Insurance Portability and Accountability Act (HIPAA)?
To regulate the import and export of health-related goods
To ensure the confidentiality and security of healthcare information
To provide subsidies for health insurance premiums
To establish universal healthcare coverage
#6
Which of the following is NOT a category of protected health information (PHI) under HIPAA?
Patient name
Social Security Number
Medical diagnosis
Employment history
#7
Which of the following is NOT typically considered a compliance issue for businesses?
Anti-money laundering regulations
Environmental protection laws
Occupational Safety and Health Administration (OSHA) regulations
Marketing strategies
#8
What does 'SOX' refer to in the context of regulatory compliance?
Sarbanes-Oxley Act
Systematic Oversight and Examination
Security Operations and Exchanges
Strategic Operations in Xylophones
#9
What is the primary objective of OFAC regulations?
To regulate online financial activities
To combat money laundering
To enforce trade sanctions
To oversee environmental protection
#10
What is the purpose of the 'Whistleblower Protection Act'?
To provide financial incentives to whistleblowers
To protect whistleblowers from retaliation by their employers
To encourage companies to ignore whistleblower reports
To limit the scope of whistleblower disclosures
#11
What is the primary objective of the Payment Card Industry Data Security Standard (PCI DSS)?
To ensure fair business practices in the payment card industry
To protect cardholder data from unauthorized access
To regulate the issuance of credit cards
To standardize payment processing fees
#12
What does 'FATCA' stand for in the context of financial compliance?
Financial Accountability and Tax Compliance Act
Foreign Account Tax Compliance Act
Financial Audit and Tax Control Act
Foreign Asset Tracking and Control Act
#13
What is the purpose of a whistleblower hotline in a company?
To report unethical behavior or violations of laws and regulations anonymously
To schedule meetings for employees
To provide customer support services
To monitor employee productivity
#14
Which of the following is NOT an example of insider trading?
An employee selling shares of their company based on private information
A CEO buying shares of their company after public earnings report
A board member purchasing shares based on non-public information
A shareholder selling shares based on publicly available information
#15
Which of the following is a key principle of the General Data Protection Regulation (GDPR)?
Data minimization
Data monetization
Data monopolization
Data militarization
#16
What is the primary purpose of the Foreign Corrupt Practices Act (FCPA)?
To regulate international trade tariffs
To prevent bribery and corruption in international business transactions
To encourage unfair competition among multinational corporations
To promote tax evasion in foreign markets
#17
Which of the following laws is primarily concerned with regulating workplace safety?