Compliance Outlook for 2025 – The Navigation Compass Welcome to your e-assessment. Number of Questions: 10 Time Allowed: 8 minutes. You are allowed only one (1) attempt. By clicking Start, you consent to your personal information being processed in line with DataPro’s Privacy Policy. Name Email Organisation 1. Which of these is highlighted as a risk related to employee fraud? Taking fewer vacations Transparent reporting Open communication with regulators Strong internal controls None 2. What is the risk of Nigeria remaining on the FATF grey list? Lower tax revenue Easier access to foreign loans Difficulty attracting foreign direct investment (FDI) Reduced need for compliance programs None 3. What is the purpose of Targeted Financial Sanctions (TFS)? Increase employee salaries Freeze assets of sanctioned individuals/entities Encourage more cash transactions Support higher transaction limits None 4. Which of the following is NOT listed as a predicate crime? Robbery Smuggling Extortion Product marketing None 5. What is the main role of the Nigeria Data Protection Act (NDPA) 2023? Reduce compliance requirements Promote data leaks for transparency Safeguard personal data and protect data subjects' rights Replace all previous banking regulations None 6. What does FATF Recommendation 15 focus on? Increasing the use of paper records Risks from new products and technologies Reducing oversight of financial institutions Ignoring digital assets None 7. What is the main goal of compliance as defined in the slides? Maximizing profits at all costs Acting in line with both the letter and spirit of rules, laws, and standards Promoting individual staff interests Avoiding customer complaints only None 8. Which of the following is a key emerging compliance matter highlighted for 2025 and beyond? Decline in data privacy regulations Less focus on UBOs Artificial Intelligence (AI) and Generative AI Reducing employee background checks None 9. According to the slides, what should financial institutions do when onboarding a PEP? Reject them immediately Obtain senior management approval and perform enhanced due diligence Ignore due diligence Allow transactions up to a certain limit None 10. What is the significance of compliance ROI (Return on Investment) as discussed? Only applies to IT investments Measured purely by increased revenue Balances risk reduction with cost to protect brand and avoid penalties Focuses only on hiring more staff None 1 out of 10 Time's upTime is Up! Ronalds Esealuka2025-07-25T11:53:01+01:00 FacebookXLinkedInPinterest
