Which of the Following Is Not a Power of the Australian

question 19

Multiple Choice

Which of the following is not a power of the Australian Transaction Reports and Analysis Centre (AUSTRAC) ?

• A)To issue rules that Reporting Entities are legally obliged to follow.
• B)To publish 'name and shame' details of a Reporting Entity's enforceable undertaking.
• C)To appoint external auditors to assess a Reporting Entity's risk management procedures.
• D)To impose fines for breaches of key requirements.

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Definitions:

Present Value

The contemporary valuation of a future amount of money or series of cash inflows, calculated with a particular rate of return.

Discount Rate

The Discount Rate represents the interest rate applied to calculate the present value of future cash flows within discounted cash flow analysis.

Present Value

The worth as of today of a future money sum or cash flow series, taking into consideration a specific rate of return.

Present Values

This is a concept in finance that calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.