Investigations, Reporting, and Ethics Flashcards
7 cards from real RCC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Investigations, Reporting, and Ethics flashcards as text
During an interview in a compliance investigation, the subject employee requests to have a union representative present. Under the NLRA, this right is known as:
Answer: Weingarten rights
Weingarten rights, established by the Supreme Court, give unionized employees the right to union representation during investigatory interviews that could result in discipline.
A compliance officer conducting a workplace investigation learns that local privacy laws in a European jurisdiction restrict employee monitoring. What is the most appropriate approach?
Answer: Consult local counsel and adapt investigation methods to comply with applicable privacy laws
Cross-border investigations require compliance with local laws, including GDPR and other privacy regulations, necessitating consultation with local legal counsel.
Which of the following best describes 'tone at the top' in a compliance context?
Answer: Senior leadership's visible commitment to ethical conduct and compliance
Tone at the top refers to the ethical environment and leadership example set by senior management, which significantly influences organizational culture.
An employee is terminated shortly after filing a workers' compensation claim and suspects retaliation. Which federal law primarily protects employees from retaliation for filing such claims?
Answer: State workers' compensation statutes and general anti-retaliation principles
Workers' compensation retaliation is primarily governed by state law, though OSHA and other federal statutes may apply depending on the circumstances.
In a Suspicious Activity Report (SAR) filed under the Bank Secrecy Act, what is the 'safe harbor' provision?
Answer: Filers cannot be held civilly or criminally liable for filing a SAR in good faith
The BSA safe harbor protects financial institutions and their employees from liability when they file a SAR in good faith, even if the suspicion turns out to be unfounded.
What is a 'clawback' provision in the context of executive compensation and compliance?
Answer: A requirement to return previously paid compensation if misconduct or financial restatement is discovered
Clawback provisions allow companies or regulators to recover previously paid compensation from executives found to have engaged in misconduct or caused financial restatements.
Which reporting obligation requires public companies to disclose material weaknesses in internal controls over financial reporting?
Answer: Sarbanes-Oxley Act Section 404
SOX Section 404 requires management and external auditors to assess and report on the effectiveness of internal controls over financial reporting, including disclosing material weaknesses.