Charitable trusts Study guides, Revision notes & Summaries

ACAMS Questions and Answers 2023 Bank Draft Vulnerable to money laundering because it represents a reputable international monetary instrument drawn on a reputable institution, and is often made payable-in cash-upon presentation and at the issuing institution's account in another country. Bank for International Settlements (BIS) AN international organization that serves as a bank for central banks and which fosters international monetary and financial cooperation with the purpose of a...

CFP Reviewed Questions and Elaborated Answers 2023 Public 457(b) Plan - CORRECT ANSWER-Plans of deferred compensation described in IRC section 457 are available for certain state and local governments and nongovernmental entities tax exempt under IRC Section 501. They can be either eligible plans under IRC 457(b) or ineligible plans under IRC 457(f). Plans eligible under 457(b) allow employees of sponsoring organizations to defer income taxation on retirement savings into future year...

ACAMS Vocabulary Exam 113 Questions with Verified Answers Account monitoring order - CORRECT ANSWER ____ _____ ____ : In the United Kingdom and several other countries, an order from a government authority requiring a nancial institution to provide transaction information on a suspect account for a speci ed time period. Affadavit - CORRECT ANSWER _____ : A written statement given under oath before an of cer of the court, notary public, or other authorized person. It is commonly used as t...

Detailed Questions and Answers 2023(ACAMS) Which of the following statements is true? A Credit cards are not likely to be used in the layering phase of money laundering because of restrictions in cash payments B Credit cards are effective instruments for laundering money because the transactions do not create a paper trail C A launderer can launder money by prepaying his credit card using funds that are already in the banking system, creating a credit balance on his account, and req...

TEST BANK for Canadian Income Taxation Planning and Decision Making, 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal, ISBN-7. All Chapters 1-23. (Complete Download) Version 1 1 CHAPTER 1 1) Which of the following is not considered to be a separate entity for tax purposes in Canada? A) An individual B) A proprietorship C) A corporation D) A trust 2) Which of the following attitudes and actions is most likely to help decision-makers develop an efficient app...

ORGS 305 M5CH11 Philanthropic Fund Raisingcharity - correct answer includes gifts to meet immediate human needs philanthropy - correct answer this is giving to strengthen the infrastructure of society, that is, to develop institutions that serve human needs or enhance human development over the long run development office - correct answer employees from this office are primarily engaged in fund-raising institutional advancement - correct answer this describes the activities performed by...

Fundamental Payroll Certification Exam 35 Questions with Verified Answers Employee - CORRECT ANSWER Anyone who performs services for you is generally your employee if you can control what work is accomplished and how it is accomplished. Common-law employees - CORRECT ANSWER A worker whose services are performed under common-law rules for an employer is his or her employee if that employer controls what and how the job will be done. Independent contractor - CORRECT ANSWER A payer has c...

CTFA QUESTION WITH COMPLETE ANSWERS 2023 Test This is a test Steven Nyu student Governing Trust instrument State Trust Law Federal laws such as federal tax & environmental laws Rules governing the actions of a trustee are determined by: Trustee Legal title to trust property is vested in: Beneficiaries Equitable title to trust property is held by: Yes Can settlor create trust by oral expression of intent? Express Trust When a settlor creates a t...

IACCP Examination Study Guide | 94 Questions And Answers Latest Updates may 2023. "Investment Adviser" person/firm compensated for engaging in business of (directly or indirectly) advising others on securities or the advisability of investing (or) who issues analysis/reports concerning securities - ANSWERS-SEC vs Capital Gains Research Bureau basis of Fiduciary Rule, specifically Best Interest SEC Registration Required when 1) definition of "IA" is met (unless otherwise excepted ...

ACAMS Exam 344 Questions with Verified Answers 2 ways remittance services can foster ML - CORRECT ANSWER • Packages containing large cash sums and even drugs anonymously. • Another technique commonly used by money remitters and currency exchanges is for the broker to make the funds available to the criminal organization at the destination country in the local currency. 2 Ways to launder money in Real Estate - CORRECT ANSWER • By way of chain transactions in real estate to cloak th...