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Questions and Answers
What was the primary reason for Alice's negative shift in attitude toward life?
What was the primary reason for Alice's negative shift in attitude toward life?
- Being dissatisfied with her career progression
- Meeting Jim, who was living a lavish lifestyle despite a third-class division (correct)
- Experiencing personal financial difficulties
- Feeling undervalued at the university
How did Alice attempt to succeed in life following her meeting with Jim?
How did Alice attempt to succeed in life following her meeting with Jim?
- By starting her own legitimate business
- By seeking assistance from the Bank’s Internal Control Department
- By shifting her career focus to fraud prevention
- By opening a corporate account for a business allegedly belonging to Jim (correct)
Why were several fraudulent activities carried out within a spate of two weeks?
Why were several fraudulent activities carried out within a spate of two weeks?
- Alice's sudden disappearance from work
- The absence of fraud prevention training
- The bank's failure to conduct internal audits
- The lack of adherence to basic Know-Your Customer (KYC) and Customer Due Diligence (CDD) principles (correct)
What was discovered about JIMCART Limited after an investigation by the Bank’s Internal Control Department?
What was discovered about JIMCART Limited after an investigation by the Bank’s Internal Control Department?
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What type of information did Mr. Frederick Sharp provide falsely on the loan application form?
What type of information did Mr. Frederick Sharp provide falsely on the loan application form?
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What led to Alice abruptly disappearing from work?
What led to Alice abruptly disappearing from work?
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How did the bank fail in terms of conducting necessary checks on JIMCART Limited?
How did the bank fail in terms of conducting necessary checks on JIMCART Limited?
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What impact did Mr. Frederick Sharp's false information have on Crown Bank?
What impact did Mr. Frederick Sharp's false information have on Crown Bank?
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