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29 Which of the following must be reported by an agent to FINTRAC under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act? a.

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29 Which of the following must be reported by an agent to FINTRAC under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act? a. O client depositing $6,000 in cash into an account Politically exposed foreign person depositing $50,000 into a contract Client making two or more deposits of $10,000 each into an account in a 24-hour period d. Client making a transfer of $100,000 from a registered account to a new registered account b. NOSTALGION 30 Eric has had considerable success investing with mutual funds. He sold some of his investments this year, incurring capital gains. Market experts are saying that the markets are likely to decline this year. He is unsure whether to purchase more mutual funds or take his friend's advice to buy segregated funds. Why might segregated funds be a better investment for Eric in the coming economic downturn? a Segregated funds have guarantees will protect Eric's investments, whereas losses within mutual funds cannot be protected O Segregated funds have lower MERs than mutual funds. GOIf he needs to sell the investment later this year, the segregated fund promises him a guaranteed amount, while a mutual fund does not d. The investments held within a segregated tund are usually less volatile than the investments held by a similar mutual fund

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