17 Which of the following must be reported by an agent to FINTRAC under the Proceeds of Crime (Money Laundering) and Terrorist Financing ActRVg4cDMzQUITOGF5OGICSXZST211Z2090Lao Client making one or more deposits totaling $10,000 or more into an account within a 24-hour periodb.O A family member of a politically exposed foreign person depositing $9.000 into an accountCO Client making a transfer of $100,000 from a registered account to a new registered accountd.O Client depositing $6,000 in cash into an account

The Proceeds of Crime refer to any property or money that is derived from or obtained, directly or…

Answered: 17 Which of the following must be…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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LO 5-3 M5-6 Matching Cash Payment Processes to Internal Control Principles gooo limeni od) vtionsbl Match each of the following cash payment activities to the internal control principle to which it best relates. Enter the appropriate letter in the space provided. 1. The business manager has the only key to the check-signing equipment. 2. The purchasing manager orders all goods and services for the business. 3. A bank reconciliation is prepared monthly. 4. Prenumbered checks are used for all payments. 5. The company asks suppliers to deliver their mer- chandise to the warehouse but mail their invoices to the accounting department. bio po bo selb A. Establish responsibility B. Segregate duties C. Restrict access D. Document procedures E. Independently verify bevlogen 916 eboo S 920091W yd vino 299volame
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Under the Foreign Corrupt Practices Act of 1977 (FCPA): a. No US person or company that has securities listed on US markets may make a payment to a foreign officical for the purpose of obtaining or retaining business (pay a bribe) b. Companies that have securities listed on U. S. markets must make and keep financial records that accurately and fairly reflect transactions of the company and must design and maintain an adequate system of internal accounting controls. c. Certain payments to foreign officials known as “grease payments” made to an official to expedite the performance of duties that the official would already be bound to perform are permitted. d. only A and B are included in the FCPA e. A, B, and C are included in the FCPA
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4
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Hanshaben

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