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ACCA F4 Corporate and Business Law(UK)

Sample Study Note

For exams in DEC2014










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Lesco Group Limited, April 2015
All rights reserved. No part of this publication may be reproduced, stored in a
retrieval system, or transmitted, in any form or by any means, electronic,
mechanical, photocopying, recording or otherwise, without the prior written
permission of Lesco Group Limited.


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Sample Note Content:


Main study note content [Total Pages: 131] ...................................................... 4
Product Summary .............................................. Error! Bookmark not defined.
Live online note sample plan ............................... Error! Bookmark not defined.
Live online course timetable: ............................... Error! Bookmark not defined.
Money laundering........................................................................................... 8




Please note:
This is just the sample study note extracted from the main study note in your tuition study
[This tuition study note is consistent in basic/super/gold package]. There would be more
chapters in the main study note covering the whole ACCA syllabus.
You can also take a look at the content within the main study note below:








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Main study note content [Total Pages: 131]





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Product Summary














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Live online course timetable


Timetable: [Super+Gold package-additional revision would
be agreed between tutor and student]
Live Online Revision
Live revision1 Live revision2
F5 Performance management 25
th
Oct 7:00a.m.-14:00 22
nd
Nov 6:00a.m.-13:00
F7 Financial Reporting (INT) 2
nd
Nov 6:00a.m.-13:00 29
th
Nov 6:00a.m.-13:00
F8 Audit and Assurance (INT) 18
th
Oct 7:00a.m.-14:00 19
th
Oct 7:00a.m.-14:00
F9 Financial Management 4
th
Oct 7:00a.m.-14:00 5
th
Oct 7:00a.m.-14:00
P1 Governance, Risk and
Ethics
1
st
Nov 6:00a.m.-13:00 30
th
Nov 6:00a.m.-13:00
P2 Corporate Reporting (INT) 26
th
Oct 7:00a.m.-14:00 9
th
Nov 6:00a.m.-13:00
P3 Business Analysis 11
th
Oct 7:00a.m.-14:00 12
th
Oct 7:00a.m.-14:00
P4 Advanced Financial
Management
8
th
Nov 6:00a.m.-13:00 23
rd
Nov 6:00a.m.-13:00
P5 Advanced Performance
management
15
th
Nov 6:00a.m.-13:00 16
th
Nov 6:00a.m.-13:00
P7 Advanced Audit and
Assurance (INT)
27
th
Sept 7:00a.m.-14:00 28
th
Sept 7:00a.m.-14:00
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Last minute revision
Last minute revision Tutor
F5 Performance management 28
th
Nov 12:00-14:00 Ian
F7 Financial Reporting (INT) 1
st
Dec 12:00-14:00 Steve
F8 Audit and Assurance (INT) 22
nd
Nov 14:30-16:30 Alan
F9 Financial Management 22
nd
Oct 12:00-14:00 Steve
P1 Governance, Risk and Ethics 30
th
Nov 13:30-15:30 Alan
P2 Corporate Reporting (INT) 16
th
Nov 14:00-18:00(4hrs) Kieran
P3 Business Analysis 18
th
Oct 14:30-16:30 Alan
P4 Advanced Financial Management 19
th
Nov 12:00-14:00 Steve
P5 Advanced Performance management 21st Nov 12:00-14:00 Ian Janes
P7 Advanced Audit and Assurance (INT) 23
rd
Nov 13:30-15:30 Alan













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Money laundering


Legislation:
Proceeds of Crime Act 2002 (as amended).

Definition:
This means to convert crime money into legal money.
Stages:
1. Placement
This is the initial disposal of the proceeds of criminal activity, for example by buying
a business.
2. Layering
This is the process to transfer the money from, for example, place to place or
business to business with the aim of concealing its initial source.
3. Integration
This is the end result of the previous stages in that the money now has an
appearance of coming from a legitimate source.


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Offences:
1. Laundering

This category includes acquiring, possessing, or using the proceeds of criminal
Activity;

it also includes assisting another to retain the proceeds of criminal activity;

It also includes concealing the proceeds of criminal activity.

The penalty is a maximum of 14 years imprisonment and/or an unlimited fine.

2. Failing to report
This applies to professionals in the regulated sector, such as
accountants in professional practice. Such a person has a duty to report to the
Serious and Organised Crime Agency (SOCA) if he knows or suspects, or has
reasonable grounds to know or suspect, that another is engaged in money
laundering.

The penalty is a maximum of 5 years imprisonment and/or an unlimited fine.

3. Tipping off
Professionals must not make any disclosure which is likely to prejudice any
investigation under the legislation.

The penalty is a maximum of 5 years imprisonment and/or an unlimited fine.