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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ts. 7,8,9 Seved Which of the following statements is correc? Multtple Cholce An endorsement is a written authortzation that transfers ownership ofa check. If a check is negotiable, It means that ownership cannot be transferred. A check is a written order signed by an authortzed person, the drawee. Most businesses make one monthly deposit of cash recelpts in order to maintaln better control over their cash
39.
Knott Inc. has a petty cash fund of $750. (a) Since the petty cash fund is only $750, should Knott Inc. implement controls over petty cash? (b) Whatcontrols, if any, could be used for the petty cash fund?
Question 11 of 30 In case of the bank has to pay the money on due date of the bils drawn by the beneficiary/ supplier under the letter of credit irespective of whether the party pays the money or not. Guarantee O Line of credit O Letter of credit Acceptances
SP 8 Santana Rey receives the March bank statement for Business Solutions on April 11, 2022. The March 31 bank statement shows an ending cash balance of $67,566. The general ledger Cash account, No. 101, shows an ending cash balance per books of $68,057 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following.A.The bank erroneously cleared a $500 check against the company account in March that S. Rey did not issue. The check was actually issued by Business Systems. B. On March 25, the bank statement lists a $50 charge for a safety deposit box. Santana has not yet recorded this expense. C. On March 26, the bank statement lists a $102 charge for printed checks that Business Solutions ordered from the bank. Santana has not yet recorded this expense. D. On March 31, the bank statement lists $33 interest earned on Business Solutions’s checking account for the month of March. Santana has not yet…
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Problems on Bank Reconciliation Q4 Bank Pass book of Al Noor Industries LLC showed a credit balance of RO 27,350 on July 31,2018. The following differences were found on that date between the cash book and the pass book: -Cheques issued before July 31,2018, amounting to RO19,000 had not been presented for payment. -Two cheques of RO 5,000 and RO 3,500 were deposited into bank on July 31, but the bank gives credit for the same in August. -Insurance premium directly paid by bank RO 5,000. -RO 2,000 wrongly debited to the firm account by the bank. -Prepare Bank Reconciliation Statement as on July 31,2018.
29 According to section 133(1) which is read together with section 133(3) of the FSA, ex-employee of a bank is also not bound by the duty of secrecy.* A. TRUE B. FALSE
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Question 32 Which of the following is LEAST indicative of fraudulent activity. Numerous cash refunds made to different people at the same PO box. Several credit memos cannot be located to support reductions in customers' balances. Bank reconciliation has no outstanding checks or deposits in transit older than fifteen days. Three people were absent the day the auditors handed out paychecks and these checks were not picked up until four weeks later.
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Summarize the alleged fraud List which management assertions were violated In your opinion, what component(s) of the COSO framework were weak/missing? If you were to audit FTX’s cash, name 1-2 procedure(s) that you could have done to detect this fraudFOR Defendant concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors The Securities and Exchange Commission today charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd. (FTX), the crypto trading platform of which he was the CEO and co-founder. Investigations as to other securities law violations and into other entities and persons relating to the alleged misconduct are ongoing. According to the SEC’s complaint, since at least May 2019, FTX, based in The Bahamas, raised more than $1.8 billion from equity investors, including approximately $1.1 billion from approximately 90 U.S.-based investors. In his…

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