Question
Classify each of the following as a transaction reported in a sub-component of the current account or the capital and financial accounts of the two
Classify each of the following as a transaction reported in a sub-component of the current account or the capital and financial accounts of the two countries involved: i) A Malaysian PhD graduate works in Republic of Ireland, deposits the sum of her fund to her mother in Malaysia. ii) The notorious cartel boss Joaqun El Chapo Guzmn smuggles 15 counts of drug into Florida. The cash was laundered appropriately in Switzerland using placement method. He successfully receives a suitcase of cash and flies back to Mexico with USD15,000,000. iii) A Malaysian Professor goes to Canada for a year on a Malaysia Laboratories for Academia-Business Collaboration (MyLAB) grant to develop and commercialise anti-cancer supplements.
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