Mar ’12 – May ’12 Quiz Issue: Vol. 11 No. 2 Table of Contents Please login or join today for member only downloads and resources. Take the Quiz 1. Forty-six states within the U.S. have at least one ________ designated country.* A) High Drug Federal Initiative (HDFI) B) Financial Initiative Drug Trafficking (FIDT) C) High Intensity Drug Trafficking Area (HIDTA) 2. Besides also filing a suspicious activity report (SAR), what else can you do if you suspect illegal activity from a customer?* A) Give them a call, so that they can explain their activity B) Send them a letter from the bank asking them to explain their activity C) Go to their house and request they explain their activity 3. Which of the 4 pillars of a compliance program should be done at least once a year, but is advised to be done all year round to become a sufficient amount of support for a successful compliance?* A) Independent testing and review B) Training of employees C) Development of internal policies, procedures and controls D) Designation of a compliance officer 4. If an employee fails to report a suspicious activity; they will not face any consequences.* True False 5. What’s the Kimberly Process?* A) It’s an initiative to stem the flow of conflict diamonds used by rebel movements to finance wars against legitimate governments B) It’s an initiative to set a global standard for transparency in oil, gas and mining by bringing together a coalition of governments, companies, etc. C) None of the above Δ
