What is ‘money laundering’?
A – The act of investing money in a manner to avoid taxation
B – The act of investing money overseas to avoid UK duty
C – The process by which criminals hide the true origin and ownership of money
D – The process by which money is transferred from one bank account or insurance policy to another
C: The process by which criminals hide the true origin and ownership of money.
D. In its widest sense, telematics is a term used to describe the exchange of data, potentially over long distances, across a wireless communications network in real time.
A: Reinstatement B: New for old C: Indemnity D: Replacement
A: A promise by the insurer that cover will continue as long as the premium is paid by the insured B: A promise by the insured that the items of value will be stored in a locked safe overnight