Corporate and Fraudulent Behaviour Flashcards
1
Q
What is the maximum sentence for insider dealing?
A
7 years imprisonment
2
Q
What does the Proceeds of Crime Act 2002 protect against?
A
Money laundering
3
Q
What are the 3 phases of money laundering?
A
Placement
Layering
Integration
4
Q
What is the maximum penalty for money laundering?
A
14 years imprisonment
5
Q
What is the maximum penalty for failure to report?
A
5 years imprisonment
6
Q
What is the maximum penalty for tipping off?
A
2 years imprisonment
7
Q
What is the maximum penalty for bribery?
A
10 years imprisonment
8
Q
What is the maximum fine for failing to file accounts on time?
A
£5,000 fine
9
Q
What is the maximum fine for director’s found to be wrongfully trading?
A
15 years disqualification
