07 February 2024

Wake up to economic crime

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. Which type of pandemic-related finance scheme was particularly open to abuse?

  2. What is the purpose of the Economic Crime and Transparency Act 2023?

  3. From 2020 to 2022, what percentage of British businesses experienced economic crime?

  4. Which country has the highest rate of economic crime?

  5. According to the National Audit Office, which sector is estimated to lose between 33bn pounds and 58bn pounds annually to fraud?

  6. To prevent fraud, which of the following companies that they have dealings with should businesses carry out due diligence on?

  7. Which of the following statements is true? Statement 1, businesses should check Companies House for inconsistent data on companies. Statement 2, businesses should look online for information about companies

  8. Which of the following could be a red flag about a business?

  9. Which organisation suggests that low-level fraud and misuse of non-profit organisations could be sources of terrorist funding?

  10. What percentage of GDP does economic crime cost the UK each year?

1 unit