You have been hired as a forensic accountant to investigate a potential case of money laundering involving
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Question:
You have been hired as a forensic accountant to investigate a potential case of money laundering involving a series of transactions between two parties. The transactions involve the transfer of $200,000 from Party A to Party B, followed by a transfer of $150,000 from Party B back to Party A, and then a transfer of $100,000 from Party A to Party B again. You suspect that the transactions were structured in such a way to avoid detection and conceal the source of the funds.
Using the Benford's Law analysis, analyze the transactions and determine if they are consistent with typical patterns of financial transactions.
Related Book For
Canadian Organizational Behaviour
ISBN: 978-0070401877
8th Canadian Edition
Authors: Steven Lattimore McShane, Sandra Steen
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