Explain
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A:
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Q: please answer accordingly
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A:
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A: The answer has been mentioned below.
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Does Anti-Money Laundering Council have the authority to freeze deposits? Explain.
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Solved in 2 steps
- What is the purpose of the bank reconciliation?What elements must a bank's anti-money laundering policy include?the Anti Money Laundering Council existence is to protect the integrity of the Financial and Non Financial Institutions. In your opinion, will there be any implication if we do not have any Money Laundering related laws or regulation?
- What are the ways to escape financial fraud? And why is it important to prevent it? Please include references.In preparing a bank reconciliation, what is the proper treatment of an outstanding check?Consider how an organization must manage cash and receivables. Which of the two is the most important to manage? Is one more susceptible to fraud and errors than the other? Explain your answer. How would a misstatement in each affect an organization?