How Deep is Your Love?

The __________ line of defence is principally responsible for managing compliance risk inherent in the day to day activities, processes and systems to ensure compliance with all applicable laws, rules, regulations and standards.

• First

• Second

• Third

• Final

As business units, which of the following is the right course of action should you discover potential Compliance Event?

• Keep quiet and do nothing

• Talk to your DCO, HOD and Compliance Department

• Write to Bank Negara Malaysia

• Email Board of Directors

It is the responsibility of _________ to comply with Competition Law Policy and Competition Act.

• Risk Management & Compliance
• Senior Management Team
• Board Risk Management Committee
• All employees

___________ is any event or action that may potentially impact partly or completely the achievement of the GELM’s objectives as a result of its failure to comply with applicable regulations.

• Operational Risk
• Financial Risk
• Compliance Risk
• Strategic Risk

Who is the liaison officer between functional departments and Compliance?

• Data Compliance Officer
• Department Compliance Owner
• Department Risk Officer
• Department Compliance Officer

Investigation on staff misconduct is performed by ________________ Department.

• Human Capital

• Internal Audit

• Compliance

• Legal

Which of the following is a new unit within Risk Management & Compliance?

• Operations Compliance
• AML/CFT Operations Center
• Data Protection Governance Office
• Governance

A ________________ is an unannounced visit by the regulator which could take place at any time and without warning.

• Dawn Raid
• Sunset
• Sunshine
• Dawn Red

Which of the following is the Core Regulator for Insurance Industry?

• Life Insurance Association of Malaysia

• Bank Negara Malaysia

• Ministry of Finance

• Life Office Management Association

Which of the following is not an example of Compliance Event?

• The commissions on riders were calculated based on the basic plan payment term rather than the rider's actual payment term

• Agent's personal data accidently sent to other agents

• Use company printer to print personal document

• No BLISS checking performed after onboarding of clients