What does the Model Code say about the responsibility of a broker in handling suspicious transactions?

Last Updated on January 29, 2022 by Admin 3

What does the Model Code say about the responsibility of a broker in handling suspicious transactions?

  • Suspicious transactions should be reported by the principals.
  • Brokers need to make staff aware of the problem and exercise vigilance.
  • A broker should report any suspicions about a transaction to the other counterparty.
  • Brokers should advise clients to reject the name.
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