Fraud

Question 1

What does the mnemonic M.A.C.E mean?

Answer 1

Makes a gain for himself or
Another
Causes loss to another or
Exposes another to the risk of loss

Question 2

What is s4. ABUSE OF POSITION?

Answer 2

> Occupies a position in which a person is expected to
Safeguard or not act against the financial interests of
Another person and
Dishonestly abuses that position and
Intends by doing so to
M.A.C.E

Question 3

What is s3. FAILING TO DISCLOSE INFORMATION?

Answer 3

> Dishonestly
> Fails to disclose
> Information which he legally has to and
> Intends by doing so to
> M.A.C.E

Question 4

What is s2. FRAUD BY FALSE REP?

Answer 4

> Dishonestly
Makes a false representation
Intending to
M.A.C.E

Question 5

What is s6. POSSESSION OF ARTICLES FOR USE IN FRAUD?

Answer 5

> Has in their possession/under their control
Any article
For use in/connection with any fraud

Question 6

What is s7. MAKING OR SUPPLYING ARTICLES FIR USE IN FRAUD?

Answer 6

> Makes, Adapts, Supplies
> Offers to supply
> Any article
> Knowing it is designed/adapted OR
> Intending it to be used
> In the course of or connection with any fraud

Question 7

What is s11. OBTAINING SERVICES DISHONESTLY?

Answer 7

> Dishonestly
obtains services
for which payment is required
intends to not pay/not pay in full