A compliance officer learns from an Information Technology (IT) source of a potential new financial service being discus
Posted: Wed Mar 09, 2022 7:04 am
A compliance officer learns from an Information Technology (IT) source of a potential new financial service being discussed by the new product approval committee.
What is the correct next course of action?
A. Request that the new product approval committee include the compliance officer.
B. Go to the board of directors and try to shut the new service down immediately because the committee did not communicate with the compliance officer.
C. Get as much information as possible from the source so that potential risks can be researched and a report prepared and presented to the head of marketing.
D. Start initial research into potential risks but wait until notified that the service has been approved by the committee before initiating extensive research.
What is the correct next course of action?
A. Request that the new product approval committee include the compliance officer.
B. Go to the board of directors and try to shut the new service down immediately because the committee did not communicate with the compliance officer.
C. Get as much information as possible from the source so that potential risks can be researched and a report prepared and presented to the head of marketing.
D. Start initial research into potential risks but wait until notified that the service has been approved by the committee before initiating extensive research.