CCEP Exam (Compliance) Quizzes with
Certified Correct Detailed Answers latest
update 2025
FERPA (Family Educational Rights and Privacy Act) --- correct precise
answer ---A federal law that regulates the management of student
records and disclosure of information from those records. The Act has
its own administrative enforcement mechanism.
Anti-Money Laundering (AML) --- correct precise answer ---rules
designed to restrict the use of money obtained from illegal activities
so the funds are not transferred into legitimate activities so as to
disguise the origins of the funds
,USA Patriot Act (2001) --- correct precise answer ---Strengthens the
federal government's power to conduct surveillance, perform
searches, and detain individuals in order to combat terrorism.
False Claims Act (FCA) --- correct precise answer ---A federal law that
prohibits submitting a fraudulent claim or making a false statement or
representation in connection with a claim.
Sherman Antitrust Act (1890) --- correct precise answer ---Outlawed
monopolies and practices that restrained trade, such as price fixing
Yates Memo --- correct precise answer ---DOJ memo released in
September 2015 titled "Individual Accountability for Corporate
Wrongdoing". The memo prioritizes the manner in which government
civil and criminal law enforcement investigations are conducted,
widely seen as calling for a substantially increased focus on individual
accountability for corporate wrongdoing. The Yates Memo outlines 3
key areas of focus: Individuals, limited release of individuals when
resolving corporate cases, and relevance of individual ability to pay.
Monaco Memo --- correct precise answer ---significantly revised the
DOJ's corporate criminal enforcement policies and procedures,
including by putting a renewed focus on individual accountability and
, placing stricter requirements on corporate cooperation credit
(focusing on the importance of prompt self-disclosure)
Benczkowski Memo --- correct precise answer ---The contents of this
memorandum provide internal guidance to Criminal Division
attorneys on legal issues. its aim is to make clear to the public, our
prosecutors, defense counsel, and corporations the standards, policy,
and procedures for the selection of monitors in matters being handled
by Criminal Division attorneys.
SEC (Securities and Exchange Commission) --- correct precise answer
---an independent federal agency that oversees the exchange of
securities to protect investors
Sarbanes-Oxley Act of 2002 --- correct precise answer ---requires that
the CEO and CFO of large companies that have publicly traded stock
personally certify that financial reports made to the SEC comply with
SEC rules and that info in the reports are accurate.
Dodd-Frank Act --- correct precise answer ---Governed by the SEC
Equal Employment Opportunity Commission (EEOC) --- correct
precise answer ---Agency of the Department of Justice charged with
Certified Correct Detailed Answers latest
update 2025
FERPA (Family Educational Rights and Privacy Act) --- correct precise
answer ---A federal law that regulates the management of student
records and disclosure of information from those records. The Act has
its own administrative enforcement mechanism.
Anti-Money Laundering (AML) --- correct precise answer ---rules
designed to restrict the use of money obtained from illegal activities
so the funds are not transferred into legitimate activities so as to
disguise the origins of the funds
,USA Patriot Act (2001) --- correct precise answer ---Strengthens the
federal government's power to conduct surveillance, perform
searches, and detain individuals in order to combat terrorism.
False Claims Act (FCA) --- correct precise answer ---A federal law that
prohibits submitting a fraudulent claim or making a false statement or
representation in connection with a claim.
Sherman Antitrust Act (1890) --- correct precise answer ---Outlawed
monopolies and practices that restrained trade, such as price fixing
Yates Memo --- correct precise answer ---DOJ memo released in
September 2015 titled "Individual Accountability for Corporate
Wrongdoing". The memo prioritizes the manner in which government
civil and criminal law enforcement investigations are conducted,
widely seen as calling for a substantially increased focus on individual
accountability for corporate wrongdoing. The Yates Memo outlines 3
key areas of focus: Individuals, limited release of individuals when
resolving corporate cases, and relevance of individual ability to pay.
Monaco Memo --- correct precise answer ---significantly revised the
DOJ's corporate criminal enforcement policies and procedures,
including by putting a renewed focus on individual accountability and
, placing stricter requirements on corporate cooperation credit
(focusing on the importance of prompt self-disclosure)
Benczkowski Memo --- correct precise answer ---The contents of this
memorandum provide internal guidance to Criminal Division
attorneys on legal issues. its aim is to make clear to the public, our
prosecutors, defense counsel, and corporations the standards, policy,
and procedures for the selection of monitors in matters being handled
by Criminal Division attorneys.
SEC (Securities and Exchange Commission) --- correct precise answer
---an independent federal agency that oversees the exchange of
securities to protect investors
Sarbanes-Oxley Act of 2002 --- correct precise answer ---requires that
the CEO and CFO of large companies that have publicly traded stock
personally certify that financial reports made to the SEC comply with
SEC rules and that info in the reports are accurate.
Dodd-Frank Act --- correct precise answer ---Governed by the SEC
Equal Employment Opportunity Commission (EEOC) --- correct
precise answer ---Agency of the Department of Justice charged with
