ExpertMedium1 markMultiple Choice
ACCA · Question 44 · Corporate fraudulent and criminal behaviour
Under the Criminal Justice Act 1993, what is the maximum prison sentence for the offence of insider dealing?
Under the Criminal Justice Act 1993, what is the maximum prison sentence for the offence of insider dealing?
Answer options:
A.
2 years.
B.
5 years.
C.
7 years.
D.
14 years.
How to approach this question
Memorize the statutory penalties for key corporate crimes.
Full Answer
C.7 years.✓ Correct
Under the Criminal Justice Act 1993, a person found guilty of insider dealing on indictment faces a maximum penalty of 7 years imprisonment and/or an unlimited fine.
Common mistakes
Confusing the 7-year maximum for insider dealing with the 14-year maximum for money laundering.
Practice the full ACCA LW — Corporate and Business Law Practice Exam 2
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