Question #3 of 15As an insurance agent and investment professional, Caroline is aware that all of the following are considered methods of payment that are more susceptible to money laundering EXCEPTO A) a money order.OB) a refund check from an insurance company.OC) checks drawn on the account of someone other than the owner or annuitant.Question ID: 1202643O D) a traveler's check.

Money Laundering means hiding the source of the money because the money would be generated from…

Answered: As an insurance agent and investment…

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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Consumer credit laws have been implemented over the years to protect consumers against creditor abuses. Match the following consumer credit issues with the appropriate consumer credit law: a. Controls debt collection procedures and practice. b. Prohibits credit discrimination because of race, age, or national origin. c. Establishes the APR and requires the disclosure of all credit-related costs. d. Requires credit contracts to be written in plain English. e. Requires a "rejection letter" or written explanation of any adverse action taken. f. Limits marketing of credit cards to the mailing of application packets and prohibits the mailing of unrequested credit cards. g. Allows payment for defective goods purchased with a credit card to be legally withheld. h. Limits fraudulent card use to $50 payment by the cardholder. i. Ensures that divorced individuals can receive credit. j. Provides annual access to one free credit report from each of the major credit bureaus. k. Reduces credit…
true or false The issuing bank's signature is only to be placed on the advice for the beneficiary.
What is Bank Overdraft? 1. A document used by a company's accounts payable department containing the supporting documents for an invoice. 2. A negotiable instrument where payment is guaranteed by the issuing bank. 3. A negotiable instrument similar to a bill of exchange. 4. A line of credit that covers your transactions if your bank account balance drops below zero.
Briefly explain the ethical rules to be followed by an auditor in handling client’s money.
Why would a financial institution’s PEP customers be required to provide documentation to evidence their source of wealth and/or income? In other words, what type of fraud would PEP clients more likely be associated with than the non-PEP customers? Why would they need to launder their money?
The Select one: establishes procedures for resolving billing errors on credit card accounts and establishes limits on a consumer's liability for fraudulent credit card charges. O A. Fair Credit Reporting Act B. Fair Credit Billing Act O C. Electronic Fund Transfer Act OD. Fair and Accurate Credit Transactions Act
NSF results in a bank crediting one’s account. True or false
The trust department of a bank would be interested in participating in all of the following activities EXCEPT a.manager of a small savings account. b.conservator of the estate for an incompetent person. c.guardian of the estate of a minor. d.trustee for an insurance proceeds trust.
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What bank regulations are designed to reduce moral hazard problems created by deposit insurance? Willthey eliminate the moral hazard problem?
Which of the following is NOT a client protection principle? a. Methods that prevent client of over-indebtedness b. Privacy of client data c. Adequate safeguards to prevent aggressive or abusive treatment of clients d. The number of loans assigned to a loan officer
Which of the following are important elements of a cash disbursement control system? Note: Select all that apply. Check All That Apply All expenditures are authorized before a check is prepared. Checks are signed only by authorized Individuals. The bank-generated deposit slip should be compared with the check listing. The person opening the mall is not the person who maintains the accounting records. Unauthorized payments are prevented.

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