User Account

All Pages

Make a politically exposed foreign person determination

Assignment Help Financial Accounting
Reference no: EM132950321

Question - You are meeting with a potential new client, Annabelle, who is providing you with a $5,000 deposit. There seems to be no issues, however Annabelle is acting as the power of attorney for her brother Thomas, and Annabelle submits the application on behalf of Thomas. Under Proceeds of Crime (Money Laundering) and Terrorist Financing (PCMLTF) legislation, which of the following are you required to do?

a) Make a politically exposed foreign person determination.

b) Make a suspicious transaction report.

c) Make a third party determination.

d) Make a large transaction report.

Reference no: EM132950321

Questions Cloud

Identify project needs : Choose all that apply,B. confirm project goals and objectivesC. identify constraintsD. create a communication plan when definning scope, it is important to.
Construct a decision tree representing each node clearly : If the firm chooses option A, it can either have cash flow of Rs. 700,000 or Rs. 150,000. Construct a decision tree representing each node clearly
Requirements for the capstone forum discussion : Post a polished and synthesized entry into the discussion area, which will also be the basis for an entry into the final draft of your Strategy Playbook for Ext
Discuss the four main reasons that people resist change : 1. Describe and discuss the four main reasons that people resist change. Include examples of each reason to support your answer.
Make a politically exposed foreign person determination : You are meeting with a potential new client, Annabelle, who is providing you with a $5,000 deposit. Make a politically exposed foreign person determination
How was Net Income in October affected by these entries : The accountant made entries to record the transactions on October 1 and the adjustments on October 31. How was Net Income in October affected by these entries
What is meant by the term revenue cycle : Question - What is meant by the term revenue cycle? What are the three sets of activities that make up the revenue cycle
What is the purpose of the flexible budget : The business determines its quantity as the number of passengers carried. What is the purpose of the flexible budget
Prepare statement of partnership liquidation : On September 20, all other assets are sold at 280,000. Assuming that all partners are solvent. Prepare Statement of Partnership Liquidation

Reviews

Write a Review

Financial Accounting Questions & Answers

  Amount for the bond and sold the stock for its market value

Diana, whose total tax rate is 35%, made 2 investments on 01/01/2012. She purchased $100,000 of 10% bonds due in 5 years (12/31/16) and also purchased $100,000 of common stock. The bonds were issued at par, pay interest annually on December 31, and m..

  What is the diluted earnings per share for year ended dec

Company reported net income during the year in the amount of P840,000. What is the diluted earnings per share for the year ended December 31, 2012?

  Employers total payroll tax liability for the period

Suppose Jim worked 61 hours during this payroll period and is paid $14.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and withholding tax is 10%. Calculate Jim's net paycheck for the period. Calculate Jim's employer's payroll tax expense for the..

  Determine the amount of gross profit

How much revenue will San report in its 2011 and 2012 income statement related to this contract using the percentage-of completion method?

  Calculate the value of fridge-air preferred stock today

If the required rate of return on comparable quality preferred stocks is 14%, calculate the value of Fridge-Air's preferred stock today.

  Tommy company budgeted the subsequent information for

tommy company budgeted the subsequent information for 2012budgeted purchases may 104000 june 110000 july 102000cost of

  Find What was realized return

Find What was realized return? You bought a stock one year ago for $50.04 per share and sold it today for $58.08 per share. It paid a $1.96 per share dividend

  Calculate the balance in accumulated depreciation at the end

Calculate the balance in Accumulated depreciation at the end of the second year for all three methods. On January 1, 2024, Texas Aero purchased a used airplane

  Given the subsequent data compute diluted earnings per

given the subsequent data compute diluted earnings per share.diluted earnings per share adjusted earnings after taxes

  Why risk management is important for organizations

Why risk management is important for organizations? The Risk assessment and control is one of the most important things at your workplace

  What the amount will be by the auditor

Risk model components in terms of whether they are assessed [i.e. they are what they are] or determined i.e. the auditor can affect what the amount by auditor

  Dcl industries purchased a supply of mechanical components

dcl industries purchased a supply of mechanical components from e corporation on november 1 2011. in payment for the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd