Karteikarten
Ethics week 3
Karten in diesem Stapel (7)
- 1Can you name the 6 different types of operational risk?reputational risk
process risk
people risk
systems risk
legal risk
event risk - 2When a company introduces a code of conduct is it legally enforceableNo
- 3Can you name the five key ethical organisational values that an organisation should include in its code of practice, if it is to comply with the "spirit " of regulations?Being transparent with customers, colleagues and customers.
Paying suppliers on time.
Treating employees fairly.
Reporting financial information clearly and on time.
Open and honest about gifts. - 4What is the maximum punishment for money launderingUnlimited fine and 14 years jail
- 5Is "tipping off" an offenceYes you can be prosecuted and face up to 5 years imprisonment.
- 6If during a social conversation you hear of suspected money laundering activities are you obliged to report it?No
- 7If an accountant fails to report a suspicion of money laundering to the firms MLRO or the NCA is there an offence committed?Yes, failure to disclose is an offence that can carry a punishment of up to 5 years imprisonment.
Informationen
- Beschreibung
- Testing learning on money laundering and codes of conduct
- Erstellt von
- ross young
- Aufrufe
- 8
- Bewertung