What is the purpose of independent testing

Assignment Help Operation Management

Reference no: EM132252510

1. OFAC enforces trade sanctions against which of the following?

A. Foreign Countries

B. Terrorists

C. Foreign Financial Institutions

D. All of the above

2. When completing a risk assessment for sanctions compliance, which area is considered a high risk area in your business?

A. Consumer Base

B. Innovation Department

C. Distributor of goods

D. Transportation services

3. What is the purpose of independent testing?

A. To provide companies with valuable insight and "lessons learned"

B. To identify several thousands of SDNs and blocked persons

C. To identify deficiencies in a compliance program and formulate remedial measures

D. To outlines steps employees must take to ensure compliance with policies and mitigate risk

4. Which of the following is not prohibited in Cuba?

A. Collusion

B. Imports

C. Negotiations

D. Exports

5. Which of the following is a false statement?

A. OFAC does not mandate the existence or form of an OFAC compliance program

B. Every facility should train at least 1 individual in the rules of OFAC

C. There is a "one-size-fits-all" OFAC compliance program

D. Comprehensive sanctions programs entail broad export/import prohibitions

Reference no: EM132252510

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