Which of the following is NOT a characteristic of potentially fraudulent round-tripping transactions? ...
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Accounting
Which of the following is NOT a characteristic of potentially fraudulent round-tripping transactions?
| A complex, convoluted or unusual structure or explanation for the transaction. | ||
| Lack of candor, mischaracterization or failure to disclose the true relationships, rights and obligations among the parties to the transactions. | ||
| Similar amounts of money changing hands or fully-offsetting transactions, such as swaps or rights exchanges. | ||
| Attempts to disassociate the subject trasnactions from each other when they are actually dependent or conditions to the transaction. | ||
| All of these could potentially indicate fraudulent round-tripping transactions. |
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