Skip to content

ACCA Applied Skills · Corporate and Business Law (Global) · Fraudulent and criminal behaviour

Orsa plc's compliance officer suspects that a client's transaction involves criminal proceeds. She tells the client that a suspicion report has been made to the authorities, so that he can 'sort things out'. Which offence has she most clearly committed under typical anti-money-laundering law?

She has committed tipping off, because she disclosed to the client that a suspicion report had been made, which is likely to prejudice an investigation. Insider dealing, wrongful trading and fraudulent trading concern different conduct involving securities or creditors.

  1. ATipping offCorrect
  2. BInsider dealing
  3. CWrongful trading
  4. DFraudulent trading

Explanation

Tipping off is disclosing that a report has been made or an investigation is under way in a way likely to prejudice it. Insider dealing concerns inside information on securities. Wrongful and fraudulent trading concern insolvency and creditors, not this conduct.

Did you get it right without looking?

One question tells you little. A timed set on Fraudulent and criminal behaviour shows your real accuracy, how long you take and where you lose marks.

Practise Fraudulent and criminal behaviourFree diagnostic mock

More Fraudulent and criminal behaviour questions