BC-2.7.10
Past version: Effective from 30 Aug 2025 to 30 Jun 2007
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For the purposes of BC-2.7.8, examples of improper purposes for transactions include:
(a) the perpetration of a fraud;
(b) the disguising or concealment of the nature of a transaction or of profits, losses or cash flows;
(c) transactions which amount to market abuse;
(d) high-risk transactions under the Anti Money Laundering Regulations; and
(e) "window dressing", in particular around the year end, to disguise the true financial position of the person concerned.