Difference between revisions of "Diversion of Funds"

From Open Risk Manual
(Created page with "== Definition == '''Diversion of Funds''' describes a type of Risk (potentially constituting fraud) where funds borrowed are used for o...")
 
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Latest revision as of 15:30, 8 February 2020

Definition

Diversion of Funds describes a type of Risk (potentially constituting fraud) where funds borrowed are used for other purposes than those aggreed to with the Lender

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