ACI
3I0-012 · Question #567
Where the matter of dealing for personal account is concerned, the Model Code recommends that
The correct answer is C. Where this is allowed, bank management should have a clearly defined policy and written procedures. See the full explanation below for the reasoning.
Question
Where the matter of dealing for personal account is concerned, the Model Code recommends that
Options
- ASubject to local legal requirements, this matter is one for bank management to decide.
- BBank management should encourage such activities because it allows banks to monitor the gambling habits
- CWhere this is allowed, bank management should have a clearly defined policy and written procedures.
- DBank management should allow staff to deal for their personal account on a case to case basis.
How the community answered
(49 responses)- A6% (3)
- B2% (1)
- C82% (40)
- D10% (5)
Community Discussion
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