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.
A: Earned premium only B: All banked funds plus any payments received awaiting banking
B: Insurers apply premium rates to groups of customers, taking no account of their personal details or generally the extent to which they engage in dangerous activities.
B: A spread bet is a form of contract for difference.