1.What is the “bank's mandate”, describe and provide its purpose. What are hree ways/senses in which the term “mandate” is understood? describe and give an example of each 2. Name 5 duties of the Money Laundering Reporting Officer. What is a bank syndicate? How is syndication supposed to work/function? Explain the difference between a “true syndicate” and a participation syndicate? 3. Describe novation and assignment. Discuss two reasons why a bank would prefer one over the other.
1.What is the “bank's mandate”, describe and provide its purpose. What are hree ways/senses in which the term “mandate” is understood? describe and give an example of each 2. Name 5 duties of the Money Laundering Reporting Officer. What is a bank syndicate? How is syndication supposed to work/function? Explain the difference between a “true syndicate” and a participation syndicate? 3. Describe novation and assignment. Discuss two reasons why a bank would prefer one over the other.
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1.What is the “bank's mandate”, describe and provide its purpose. What are hree ways/senses in which the term “mandate” is understood? describe and give an example of each
2. Name 5 duties of the Money Laundering Reporting Officer. What is a bank syndicate? How is syndication supposed to work/function? Explain the difference between a “true syndicate” and a participation syndicate?
3. Describe novation and assignment. Discuss two reasons why a bank would prefer one over the other.
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