, FOR3705 Assignment 2 Semester 2 Memo | Due
September 2025.
MULTIPLE CHOICE,ASSURED EXCELLENCE
FOR3705 Assignment 2 Memo | Semester 2 | Due September
2025
MULTIPLE CHOICE, ASSURED EXCELLENCE
All questions fully answered
QUESTION 1
Explain how the behavioural profile could fill information gaps
in a financial profile. [5]
A behavioural profile provides valuable insights into an
individual’s lifestyle, choices, and habits that are not always
evident from financial records alone. Financial profiles
generally capture income, expenditure, assets, and liabilities,
but they may be incomplete due to concealment,
misrepresentation, or lack of documentation. A behavioural
profile fills these gaps in the following ways:
1. Spending habits vs. declared income – Behavioural
profiling reveals whether an individual’s lifestyle (e.g.,
luxury cars, expensive vacations, designer clothes) is
consistent with their reported financial capacity. If
September 2025.
MULTIPLE CHOICE,ASSURED EXCELLENCE
FOR3705 Assignment 2 Memo | Semester 2 | Due September
2025
MULTIPLE CHOICE, ASSURED EXCELLENCE
All questions fully answered
QUESTION 1
Explain how the behavioural profile could fill information gaps
in a financial profile. [5]
A behavioural profile provides valuable insights into an
individual’s lifestyle, choices, and habits that are not always
evident from financial records alone. Financial profiles
generally capture income, expenditure, assets, and liabilities,
but they may be incomplete due to concealment,
misrepresentation, or lack of documentation. A behavioural
profile fills these gaps in the following ways:
1. Spending habits vs. declared income – Behavioural
profiling reveals whether an individual’s lifestyle (e.g.,
luxury cars, expensive vacations, designer clothes) is
consistent with their reported financial capacity. If
