Under the Criminal Justice Act 1993, what is the maximum prison sentence for the offence of insider dealing?

Answer options:

2 years.

5 years.

7 years.

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.

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Practice the full ACCA LW — Corporate and Business Law Practice Exam 2

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