Proceeds of crime act Study guides, Revision notes & Summaries

ACAMS EXAM 4 QUESTIONS WITH 100% CORRECT ANSWERS 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, a...

Assault Essential Elements - Answer-266 CC - 265 (1) (a) without the consent of another person, he applies force intentionally to that other person, directly or indirectly; (b) he attempts or threatens, by an act or a gesture, to apply force to another person, if he has, or causes that other person to believe on reasonable grounds that he has, present ability to effect his purpose; or (c) while openly wearing or carrying a weapon or an imitation thereof, he accosts or impedes another perso...

OTL Practice Exam A Questions and Answers 100% Pass Which of the following is not a definition of "Certificate of Insurance"? a) It does not certify the existence of insurance. b) May be a modified form of a policy. c) Issued as a convenience to a party who may have interest in the insurance. d) None of the above. - Answer- a) It does not certify the existence of insurance. The Casualty Department underwrites: a) Homeowner policies. b) Marine risks. c) Business property and stock. d...

Which of the following is TRUE for a regulated firm under Money Laundering rules and regulations? ANSWER-Staff must be trained to recognise and deal with suspicious transactions Under the Proceeds of Crime Act 2002, criminal property is defined as ANSWER-any benefit derived from criminal behaviour

Which of the following is TRUE for a regulated firm under Money Laundering rules and regulations? - Staff must be trained to recognise and deal with suspicious transactions Under the Proceeds of Crime Act 2002, criminal property is defined as - any benefit derived from criminal behaviour Under what legislative framework can certain consumer bodies alert the FCA to supercomplaints? - Financial Services Act 2012 The FCA`s COBS rules apply to: - a UK investment management company managing a p...

ACAMS Exam Questions And Answers | Verified | Guaranteed Success | Define a red flag. - ANSWERS A warning signal that should bring attention to a potentially suspicious situation, transaction or activity. Define willful blindness. - ANSWERS A legal principle that operates in money laundering cases in the U.S. and is defined by courts as the "deliberate avoidance of knowledge of the facts" or purposeful indifference. Courts have held that willful blindness is the equivalent of actua...

A man went to the home of his estranged wife to discuss a problem they were having over their property settlement. An argument broke out and the man slapped his wife and then told her he would come back and "really beat you up" if she reported the incident to the local law enforcement. What crime, if any, was committed? - Answer- Intimidating Witnesses or Victims - Felony At a trial for embezzlement, Bill testified against the defendant, his former business partner. Two days later, wh...

IFSE Unit 1 Questions and Answers Graded A A Provincial and Territorial Regulator, administers jurisdiction's Securities Act or equivalent legislation The Securities Commission National Regulator, The _________ mandate consists of three goals: •to protect investors from unfair, improper, or fraudulent practices •to foster fair and efficient capital markets •to reduce risks to the market's integrity, and to investor confidence in the markets _________ pursues these goals through a ...

BLP REVISION NOTES EXAM WITH BEST SOLUTIONS CONTENTS i) SRA 10 Principles, The Code of Conduct, Undertakings & Anti-Money Laundering ii) FSMA 2000 – Regulated Activities (ch.17 LF textbook) iii) Business Accounts iv) Partnership (1) v) Partnership (2) vi) Overview of different business structures; advantages and disadvantages vii) Separate legal personality and groups of companies viii) Director’s Powers & Authority – Decision making (list of Ds vs SHs decision making) ix) Di...

BLEA 834 Criminal Investigations Final Review Test Questions And Correct Revised Answers True or False: Spelling and Grammar really doesn't matter when writing a report, as long as the vital information is within the report. - Answer -False! Spelling and Grammar represents professionalism and attention to detail. What is a police officer's first priority when arriving on scene? - Answer -Make the scene safe! Do you have to Mirandize everyone who is making a statement? - Answer -No! On...