Joint Money Laundering Intelligence Taskforce and Quick ratio: Difference between pages

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''Economic crime - anti money laundering - UK.''
''Financial ratio analysis - liquidity ratios.''


(JMLIT).
(Current assets <i>less</i> Inventories) / Current liabilities.


The JMLIT is a partnership between law enforcement and the financial sector to exchange and analyse information relating to money laundering and wider economic threats.
The quick ratio gives a very rough indication of the liquidity (or solvency) of the reporting entity.<br />
If the quick ratio were to fall below 1.0, this would indicate that the entity would not be able to meet its current liabilities out of its cash in hand and the proceeds of its other current assets (excluding inventories).


The taskforce includes financial institutions, the Financial Conduct Authority, the NCA, HMRC, the SFO, the City of London Police, and the Metropolitan Police Service. 


JMLIT aims to tackle high-end money laundering schemes which are most commonly complex, multi-institutional, and multi-jurisdictional, by sharing information on new typologies, existing vulnerabilities, and live tactical intelligence.
<b>Example</b><br />
Current assets (excluding inventories) = £3m. <br />
Current liabilities = £4m. <br />


The Quick ratio is: <br />
= 3 / 4 <br />
= 0.75.


The JMLIT is part of the UK's National Economic Crime Centre.
 
The quick ratio is also known as the Acid test or the Acid test ratio.<br />
Inventories are sometimes also known as Stock.




== See also ==
== See also ==
* [[CFT]]
* [[Balance sheet ratio]]
* [[4MLD]]
* [[Current assets]]
* [[Financial Action Task Force]]
* [[Current liabilities]]
* [[Financial Conduct Authority]]
* [[Current ratio]]
* [[HMRC]]
* [[Inventory]]
* [[Integration]]
* [[Liquidity]]
* [[Joint Money Laundering Steering Group]]
* [[Liquidity ratio]]
* [[Know-your-customer]]
* [[Stock]]
* [[Layering]]
* [[MLRO]]
* [[Money laundering]]
* [[National Economic Crime Centre]]
* [[Placement]]
* [[SFO]]
* [[Smurfing]]
* [[SOCA]]
* [[TF]]
* [[USA PATRIOT Act]]
 
 
=== Other resources ===
 
[[Media:2015_03_Mar_-_Squeaky_clean.pdf| Squeaky Clean, The Treasurer, 2015]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Liquidity_management]]
[[Category:Manage_risks]]

Latest revision as of 19:09, 3 February 2019

Financial ratio analysis - liquidity ratios.

(Current assets less Inventories) / Current liabilities.

The quick ratio gives a very rough indication of the liquidity (or solvency) of the reporting entity.
If the quick ratio were to fall below 1.0, this would indicate that the entity would not be able to meet its current liabilities out of its cash in hand and the proceeds of its other current assets (excluding inventories).


Example
Current assets (excluding inventories) = £3m.
Current liabilities = £4m.

The Quick ratio is:
= 3 / 4
= 0.75.


The quick ratio is also known as the Acid test or the Acid test ratio.
Inventories are sometimes also known as Stock.


See also

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