Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?

Business

1 answer:

AURORKA [14]2 years ago

5 0

Answer:

B) C and D

C. Whole life insurance
D. Annuities

Explanation:

Anti-Money Laundering (AML) regulations identified the following insurance products as covered products:

Permanent life insurance policy, other than a group and term life insurance policy
An annuity contract, other than a group annuity contract
Any other insurance product with features of cash value or investment.

The AML's main goal is detect and stop terrorist financing.

You might be interested in

If a firm has demographic and purchasing information about its customers, the firm can use data mining techniques to create mark

Mumz [18]

Answer:

Build separate marketing programs for different demographic segments.

Explanation:

If a firm has detailed information regarding the demographic and purchasing data of the clients that helps to arrange the product and services in a more concise level. More importantly, they can take that information and design marketing programs accordingly, and those marketing programs can be made to facilitate different marketing segments and target market.

8 0

3 years ago

Assume that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate

Mice21 [21]

Answer:

The slope of the CML = (13% - 7%)/25% = 0.24

Explanation:

Given that:

expected rate of return of 17%

standard deviation of 27%.

The T-bill rate is 7%.

You estimate that a passive portfolio invested to mimic the S&P 500 stock index yields an expected rate of return of 13% with a standard deviation of 25%.

The slope of the CML is

Slope of the CML = (Expected return of Market - Risk free return)/Standard deviation of market

The slope of the CML = (13% - 7%)/25% = 0.24

= (0.13 - 0.07) /0.25

= 0.24

8 0

3 years ago

Diners are served in a process with two resources. The first resource has a capacity of 1.1 diners per hour. The capacity of the

Firdavs [7]

The cycle time of this process for the firm is 2.89.

<h3>What is a Cycle Time?</h3>

This refers to the average time between the start of production of one unit and the start of production of the next unit of production

Cycle Time = Net time available to work / Customer demand

Cycle Time = 1.1 + 1.5 / 0.9

Cycle Time = 2.88888888889

Cycle Time = 2.89.

Therefore, the cycle time of this process for the firm is 2.89.