Compliance, Regulatory Standards, and Legal Challenges BFC Practice Questions (Page 10)

Questions 46–46

1. 46expert · hard

   A blockchain fintech company has experienced rapid growth and is now subject to regulatory scrutiny. The board wants to strengthen its compliance governance but is concerned about slowing down innovation. The company's compliance team has proposed three possible structures. Which structure best balances oversight and agility?

   • AEstablish a compliance committee with representatives from legal, engineering, and product teams, reporting directly to the board, and mandate that any new product feature undergo a compliance review before launch.
   • BCreate a separate compliance department that operates independently from product teams and approves all changes after they are deployed.
   • CAppoint a chief compliance officer (CCO) who has sole authority to approve or reject any product feature, with no other oversight.
   • DOutsource compliance reviews to an external firm that provides a compliance sign-off for each product release.
   Reveal Solution Discussion Select an answer first