356 22: Fraudulent and criminal behaviour Part H Governance and ethical issues relating to business
Answers to Quick Quiz
1 True. Insider dealing is a criminal offence.
2 Inside information is 'price sensitive information' relating to a particular issuer of securities that are
price-affected and not to securities generally.
3 Money laundering is the term given to attempts to make the proceeds of crime appear respectable.
It covers any activity by which the apparent source and ownership of money representing the proceeds of
income are changed so that the money appears to have been obtained legitimately.
4 C. This could be insider dealing, if the person dealing was an insider and was using inside information.
5 Placement is the disposal of the initial proceeds of the illegal activity.(^) Now try the questions below from the Practice Question Bank
Number
49, 50, 51