The reasons that shell entities provide secrecy and disguise beneficial ownership are
a. the lack of transparency in most jurisdictions
(including US states) with regard to actual or beneficial owners,
directors, corporate officers, members, partners, trustees,
beneficiaries and others
b. white-collar criminals require the services of
professionals such as accountants, lawyers and financial advisors
or "gatekeepers" to create shell entities, layer or pyramid them
together into complicated webs of anonymous entities, hide assets,
evade taxes, and launder funds
c. the layering or pyramiding of different shell
entities in various jurisdictions around the globe makes an
impenetrable trail for forensic investigators to follow
d. aand b
e. b and c
f. a, b, and c
52. A word cloud is a
a. type of software tool developed by Microsoft to
assist forensic accountants in tracing laundered money
b. type of software tool developed by Microsoft to
assist forensic accountants in tracking cryptocurrencies used in
Ponzi schemes
c. visual representation of keywords in which the size
of the each word indicates its frequency or importance
d. None of the above.
54. Textual analytics can be applied wherever free-text fields reside. Examples of free-text fields include
a. journal entry descriptions, time cards for hourly
employees, and sales data
b. journal entry descriptions, travel and expense
descriptions
c. accounts payable notes and descriptions
d. band c
e. None of the above
Q.No. 1 Answer is option F .
All the three reasons options are reasons.
Q.52.
Answer is option C.
visual representation of keywords in which the size of the each word indicates its frequency or importance.
Q.54
Answer is option d .
Free text fields are used for description only.
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The reasons that shell entities provide secrecy and disguise beneficial ownership are a. the lack of...