1. Market abuse is an offence under which form of law?
2. Which of the following contains the rules on insider dealing?
3. Inside information refers to any information which,
4. Which of the following will NOT constitute a market abuse?
5. Any behaviour that interferes with the normal process of market prices moving up and down in accordance with supply and demand is referred to?
6. Any behaviour by an individual that is based on information that is not publicly available, but if it was, it would influence an investor's decision is referred to?
7. Any behaviour involves interfering with the normal process of share prices moving up and down in accordance with supply and demand for the shares is referred to?
8. Any behaviour that involves the creation of false or misleading information about supply and demand, or prices and values of investments, and then leaking it into the public domain is referred to?
9. In relation to the law on insider dealing, which TWO of the following parties would be categorised as an insider?
A. A company's employee
B. A company's creditor
C. A company's customer
D. A company’s auditor
10. Which of the following TWO can a market abuse result in?
A. Guilty of a crime
B. An unlimited Fine
C. Public reprimand
11. Money laundering usually comprises three distinct phases. Which of following is NOT one such?
12. The maximum penalties that can be given for engaging in insider dealing are which TWO of the following?
A. An unlimited fine.
B. Seven years' imprisonment.
C. Fifteen years’ imprisonment.
D. Public reprimand.
13. Which of the following is a corporate bribery offence?
14. Which ONE of the following is NOT an offence related to money laundering?
15. Which TWO of the following penalties does the law sets out in relation to money laundering are CORRECT?
A. 14 years' imprisonment and/or a fine, for knowingly assisting in the laundering of criminal fund.
B. 10 years' imprisonment and/or a fine for tipping off a suspected launderer.
C. 5 years' imprisonment and/or a fine for tipping off a suspected launderer.
D. 15 years' imprisonment and/or a fine, for failure to report knowledge or the suspicion of money laundering.
16. _______ are companies created by directors of insolvent companies as a method of continuing their business within five years of the original company being liquidated. Which of the following suits the blank?
17. Rex is a director appointed at Glove Co. He obtains credit when there is no good reason to expect that the company will be able to repay the debt. What type of criminal activity is this?
18. Select the TRUE statement/s regarding money laundering.
i. There are three stages involved in money laundering; placement, labelling and integration.
ii. Money laundering covers any activity by which the apparent source and ownership of money representing the proceeds of crime are changed so that the money appears to have been obtained legitimately.
19. Systems should be designed which are appropriate and tailored to each business in order to prevent money laundering. Which of the following is one such systems?
20. Which two of the following are NOT criminal offences related to winding up?
A. Declaring solvency without reasonable grounds.
B. Declaring solvency with reasonable grounds.
C. Dispose of property that was acquired on credit that has been paid for.
D. Fraudulent trading.
21. Misconduct during a liquidation is a criminal offence related to winding up. A company officer may be liable for which of the following offences due to their misconduct?
A. Make a gift of, or transfer, company property, unless it can be proved there was no intent to defraud creditors.
B. Fraudulently removing company assets or debt – including falsifying records.
C. Not delivering requested books and papers to the liquidator.
D. Not identifying company property to the liquidator.
22. Which TWO of the following statements are correct?
A. Fraudulent trading can only be a civil action.
B. Fraudulent trading can be a civil action and a criminal action.
C. Wrongful trading can only be a civil action.
D. Wrongful trading can be a civil action and a criminal action.
23. Which of the following Act regulates bodies who are involved in tax evasions?
24. Which of the following parties is liable for a Wrongful trading?
25. Which TWO of the following are consequences of BOTH wrongful trading and Fraudulent trading?
A. 15 years’ disqualification under CDDA86.
B. 20 years’ disqualification under CDDA86.
C. Fine and/or imprisonment.
D. Contribute to company’s assets.
26. Which of the following is a consequence of Fraudulent trading ONLY?
27. Which of the following are penalties for tax evasion offence?
A. An unlimited fine for the relevant body.
B. Potential reputational damage.
C. Maximum sentence of 10 years.
D. 20 years’ disqualification under CDDA86.
28. To whom should a person who suspects another of money laundering report their suspicions?
29. Which of the following is an agreement between an organisation and the prosecution whereby the organisation admits wrongdoing but stops short of pleading guilty to the offence?
30. Which of the following is a potential criminal activity in relation to Company Directors Disqualification Act 1986?