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BC-9.9.10

For the purposes of Paragraph BC-9.9.8, 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.
Added: April 08