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CY-803 (B) · Financial crime, Motivations and Typologies/Important Questions

Financial crime, Motivations and Typologies (CY-803 (B)) - Important Questions

  1. Unit 414 Marks Low Priority

    Define Money Laundering. Describe its main stages and outline the penalties prescribed under the Money Laundering Act or equivalent legislation.

    Core definitional and statutory topic for Unit 4: money laundering fundamentals, stages and legal penalties.

  2. Unit 414 Marks Low Priority

    Explain the Net Worth Method for investigating financial crime and demonstrate with a worked numerical example. In your explanation include the formulation of unexplained increase in net worth as $\text{Unexplained\ Increase} = \left(\text{Net\ Worth}_{\text{end}} - \text{Net\ Worth}_{\text{start}}\right) - \text{Reported\ Income}$.

    Standard forensic accounting procedure widely taught in Unit 4 — tests numerical application skills and method understanding.

  3. Unit 410 Marks Low Priority

    Describe the composition and role of a Financial Intelligence Centre (Financial Intelligence Unit). Explain how it receives, analyses and disseminates suspicious transaction reports and its relationship with law enforcement and reporting entities.

    Institutional and operational topic: composition, functions and role of Financial Intelligence Units covered in Unit 4.

  4. Unit 47 Marks Low Priority

    List and explain common red flags of insurance fraud. Outline recommended investigative steps once fraud indicators are detected.

    Practical fraud-flag recognition and investigative procedure question relevant to insurance fraud modules in Unit 4.

  5. Unit 414 Marks Low Priority

    Define bribery and corruption. Explain common procurement fraud and kickback schemes, describing typical red flags and how an investigator should proceed upon detection.

    Corruption and procurement fraud: typologies and red flags — a core applied Unit 4 topic.

  6. Unit 47 Marks Low Priority

    State and explain common bankruptcy schemes and how they are used to conceal or dissipate assets in financial crime contexts.

    Bankruptcy and insolvency abuse schemes — identification and explanation question for Unit 4.

  7. Unit 410 Marks Low Priority

    Explain methods of tracing and recovering illicitly obtained assets across borders. In your answer discuss Mutual Legal Assistance Treaties (MLATs), asset freezing / restraining orders and the role of international agencies.

    Cross-border asset tracing and recovery procedures: international cooperation instruments taught in Unit 4.

  8. Unit 410 Marks Low Priority

    Describe key forensic accounting techniques used to detect financial crime, including sampling, vouching, bank reconciliation and analysis of lifestyle and net-worth inconsistencies.

    Forensic accounting techniques question testing knowledge of practical examination procedures in Unit 4.

  9. Unit 410 Marks Low Priority

    Explain the essential elements of an anti-money laundering compliance programme for a financial institution. Discuss Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements and how these measures help prevent financial crime.

    Compliance and KYC/CDD process question — core to anti-money laundering and controls in Unit 4.

  10. Unit 47 Marks Low Priority

    Discuss common cyber-enabled financial crime typologies such as phishing, business email compromise and mule networks. Describe typical investigative responses and evidence sources for these offences.

    Cyber-enabled financial crime typologies and investigative responses — a contemporary Unit 4 topic.

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