Practice Test Geeks(CCB) Certified Compliance and Business Specialist Practice Test
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Cross-Border Compliance Issues Flashcards

7 cards from real CCB practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Cross-Border Compliance Issues flashcards as text

  1. Under the EU General Data Protection Regulation (GDPR), which mechanism allows a US company to legally transfer personal data from the EU without relying on Standard Contractual Clauses?

    Answer: EU-US Data Privacy Framework

    The EU-US Data Privacy Framework, adopted in 2023, is the current adequacy decision allowing certified US companies to receive EU personal data lawfully.

  2. A multinational company has subsidiaries in 12 countries. Which approach to cross-border compliance governance best balances local adaptability with global consistency?

    Answer: A hub-and-spoke model with central standards and local implementation teams

    A hub-and-spoke model allows headquarters to set global standards while local teams adapt and implement those standards within their jurisdictions.

  3. Which US law requires companies to disclose payments made to foreign governments in the extractive industries, directly affecting cross-border compliance reporting?

    Answer: Dodd-Frank Section 1504

    Dodd-Frank Section 1504 (the Cardin-Lugar amendment) requires resource extraction issuers to disclose payments made to foreign governments for extractive activities.

  4. When a company discovers that a foreign subsidiary violated local anti-bribery laws, what is the FIRST step the compliance officer should take?

    Answer: Preserve evidence and conduct a preliminary internal investigation

    Preserving evidence and conducting a preliminary internal investigation ensures facts are secured before any disclosure or enforcement decisions are made.

  5. The UK Bribery Act 2010 differs from the US FCPA primarily in which respect?

    Answer: The UK Bribery Act criminalizes commercial bribery between private parties, not just bribery of government officials

    Unlike the FCPA, the UK Bribery Act criminalizes private-to-private commercial bribery in addition to bribery of public officials.

  6. A US exporter wants to sell dual-use technology to a company in Country X. Which database should the compliance officer consult FIRST to assess export control risk?

    Answer: BIS Entity List and Country Chart under EAR

    The BIS Entity List and the EAR Country Chart are the primary tools for determining export licensing requirements for dual-use items under Export Administration Regulations.

  7. A cross-border merger involves entities in the US, EU, and Brazil. Which competition authority has jurisdiction to review the transaction for antitrust concerns?

    Answer: Each jurisdiction where the transaction meets local filing thresholds

    Merger control is jurisdictional—each country or bloc where transaction thresholds are met requires a separate filing and approval.