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ACFE CFE-Fraud-Investigations-and-Legal-Issues Exam - Topic 2 Question 7 Discussion

The Financial Action Task Force (FATF) Recommendations concerning cross-border transfers of currency recommend that countries do which of the following?
C) Establish reporting thresholds for physically carrying currency or currency equivalents into or out of a country.
A) Require individuals to make a disclosure any time currency is physically transported into or out of a country, regardless of the currency amount.
B) Eliminate the practice of carrying currency above a certain threshold across international borders.
D) Stipulate that financial institutions must inform authorities any time they conduct a transaction involving a cash equivalent originating from another country.

ACFE CFE-Fraud-Investigations-and-Legal-Issues Exam - Topic 2 Question 7 Discussion

Actual exam question for ACFE's CFE-Fraud-Investigations-and-Legal-Issues exam
Question #: 7
Topic #: 2
[All CFE-Fraud-Investigations-and-Legal-Issues Questions]

The Financial Action Task Force (FATF) Recommendations concerning cross-border transfers of currency recommend that countries do which of the following?

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Suggested Answer: C

This question tests your knowledge of Domain 5.

In the context of Money Laundering, specifically relating to FATF, the question asks about cross-border transfers of currency recommend that countries do which of the following, FATF.

The correct answer is C: Establish reporting thresholds for physically carrying currency or currency equivalents into or out of a country..

This question addresses money laundering concepts. The correct answer correctly identifies the stage, method, or regulatory framework related to money laundering or anti-money laundering efforts. Understanding these processes is critical for fraud examiners working to detect and prevent financial crimes.


- CFE Exam Content Outline: Domain 5: Money Laundering

- FATF

- Fraud Examiners Manual, Law Section

by Maynard at Jul 16, 2026, 08:18 AM

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Sherell
3 days ago
I remember a practice question that mentioned requiring disclosures for currency transport, but I can't recall if it was for all amounts or just above a certain threshold.
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Roxanne
9 days ago
I think the FATF recommends that countries establish reporting thresholds for currency transport, but I'm not entirely sure if it's about physical cash or just electronic transfers.
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