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How college or university might engage in money laundering

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Reference no: EM132782256

You prepared a comparative analysis of an automobile dealership. What questions should you ask?

                               2014                2015                           2016

Gross Receipt          $3,000,000       $4,000,000          $5,000,000

Cost of Sales           $2,800,000        $3,850,000         $4,900,000

Expenses                $ 180,000            $ 140,000        $ 95,000

Gross Profit              $ 20,000              $ 10,000           $ 5,000

Gross Profit %           0.67%                 0.25%              0.10%

Question 1: Explain how a college or university might engage in money laundering.

Question 2: Explain the statement: Banks are part of the solution and part of the problem when it comes to money laundering.

Reference no: EM132782256

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