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Refer to legislation and best practice to answer the following questions: What are the responsibilities of the licensee in charge relating to trust accounts? What

Refer to legislation and best practice to answer the following questions:

What are the responsibilities of the licensee in charge relating to trust accounts?

What should happen if there were inaccuracies in trust account transactions or if the trust account was overdrawn?

What impact would trust account fraud have on the business, client and staff member working with the trust account?

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