Redemption scheme - Study guides, Class notes & Summaries

Summary of the Case: American Barrick Resources Corporation came into existence in the year 1983. Since the time of its inception it has been one of the world’s fastest growing and most financial gold-mining firms. Mr. Peter Munk, a Canadian entrepreneur, was behind the establishment of the American Barrick in 1983. He was the Chief Executive officer at the organization. The firm’s market capitalization grew from $46mn in 1984 to $5bn in 1992 with production growing from 34000 ounces to...

QUESTION 1 – Regulated Activity Regulated activity? 1. Is the firm of solicitors in business? 2. Is there a specified investment? 3. Is there a specified investment activity? 4. Is there an exclusion? 1. Are you in business – yes, client. 2. Specified Investment: means common examples Investment Details Shares (equities) Corporate debt Bonds, loan stock, debenture stock, debentures Gilt Government debt – issued by the treasury Alternative finance investment bonds Islamic financ...

Redemption scheme - buy insurance with bad assets, claim later for legit money Insurance prepayment scheme - make advance payments to store money, take out later in legit money Chapter 7 Bankruptcy - debts eliminated, liquidate assets Deferred prosecution agreement - file charges but promise not to prosecute if defendant does what is asked What cases do lower level courts hear? - hear misdemeanors, felony preliminaries, civil disputes < 10k What cases do higher level court...

Pearson Edexcel Mark Scheme (Results) Summer 2022 Pearson Edexcel GCSE In Religious Studies B (1 RBO) Paper 2: Area of Study 2 - Religion, Peace Scheme (Results) Summer 2022 Pearson Edexcel GCSE In Religious Studies B (1RB0) Paper 2: Area of Study 2 – Religion, Peace and Conflict Option 2A: Catholic Christianity Edexcel and BTEC Qualifications Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We provide a wide range of qualifications incl...

ACFE: Law

NMLS EXAM 2021 Questions with Correct A Fraud for money Laundering - Answer--Criminal uses scheme known as value tampering -Criminal offers to buy house at reduced rate -Seller must sell at appraised value on paper, but after closing, seller give the criminal the difference in cash. Adverse Action - Answer-An unfavorable credit decision rendered against a consumer made on the basis of information contained on the credit application. If a lender takes adverse action against an applicant,...

Describe the three phases of money laundering. – • Placement is the physical disposal of cash or other assets derived from criminal activity. • Layering is the separation of illicit proceeds from their source by layers of financial transactions intended to conceal the origin of the proceeds. • Integration is supplying apparent legitimacy to illicit wealth through the re‐entry of the funds into the economy in what appears to be normal business or personal transactions. What are...

NMLS EXAM 2021 QUESTIONS AND ANSWERS 100% CORRECT. Rated A Document Content and Description Below NMLS EXAM 2021 QUESTIONS AND ANSWERS 100% CORRECT Fraud for money Laundering -Criminal uses scheme known as value tampering -Criminal offers to buy house at reduced rate -Seller must sell at appraised value on paper, but after closing, seller give the criminal the difference in cash. Adverse Action An unfavorable credit decision rendered against a consumer made on the basis of information containe...

What are the main characteristics of cash deposits? - Answer the return comprises interest income with no potential for capital growth, the amount invested in repaid at the end of the term/upon withdrawal Advantages of cash deposits? - Answer Liquidity, savings vehicle, safe from market volatility Disadvantages of cash deposits? - Answer Inflation, institutions may default, interest rates vary, currency risk What is the FSCS? - Answer The Financial Services Compensation Scheme ...