Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

ACFE CFE-Investigation Exam - Topic 2 Question 70 Discussion

Which of the following is the MOST ACCURATE statement regarding a fraud examiner's ability to trace cryptocurrency transactions?
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
B) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
D) Most cryptocurrencies rely on private block chains, which allow users' transactions to be completely anonymous and therefore difficult to trace.

ACFE CFE-Investigation Exam - Topic 2 Question 70 Discussion

Actual exam question for ACFE's CFE-Investigation exam
Question #: 70
Topic #: 2
[All CFE-Investigation Questions]

Which of the following is the MOST ACCURATE statement regarding a fraud examiner's ability to trace cryptocurrency transactions?

Show Suggested Answer Hide Answer
Suggested Answer: C

by Lavonna at Jul 03, 2023, 11:20 PM

Limited Time Offer

25%

Off

Get Premium CFE-Investigation Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Felicitas
9 months ago
Really? I find it hard to believe that all transactions are completely anonymous.
upvoted 0 times
...
Teri
10 months ago
C seems off, bank statements can show crypto transactions sometimes.
upvoted 0 times
...
Christiane
10 months ago
B is spot on, many wallets don’t ask for personal info.
upvoted 0 times
...
Yolande
10 months ago
Not sure about D, I thought some blockchains were public?
upvoted 0 times
...
Cletus
10 months ago
A is definitely true, those addresses can link back to users.
upvoted 0 times
...
Annette
11 months ago
I’m a bit confused about option D; I thought most cryptocurrencies were public, not private, so tracing them should be possible.
upvoted 0 times
...
Alida
11 months ago
I practiced a similar question, and I feel like option C is definitely correct since bank statements don’t show crypto ownership directly.
upvoted 0 times
...
Joaquin
11 months ago
I'm not entirely sure, but I think option B might be true because many exchanges don’t require personal info, right?
upvoted 0 times
...
Nina
11 months ago
I remember studying how blockchain works, and I think option A makes sense since addresses can show patterns of activity.
upvoted 0 times
...
Sherman
11 months ago
Hmm, I'm not sure about this one. I'll have to think it through carefully before choosing an answer.
upvoted 0 times
...
Olive
11 months ago
Okay, let's see. The key things I need to focus on are whether the daughter's refusal specifically directs the inheritance to her brother, and whether she has received any part of the inheritance or income from it prior to the disclaimer. I think I can work through this step-by-step.
upvoted 0 times
...
Curtis
11 months ago
This seems straightforward. The question states the default MTU settings are being used, so the interface on ISN-1 should be configured with an MTU of 9000 to match. I'm confident Option C is the correct answer.
upvoted 0 times
...
Dudley
11 months ago
Whoa, this is a tricky one. There are a lot of moving parts with the owner, group, and permissions. I'll need to really focus and work through this step-by-step to make sure I get the right answer.
upvoted 0 times
...
Malika
1 year ago
Option C is just plain wrong. Analyzing bank statements can actually provide valuable clues about a subject's cryptocurrency ownership and activities.
upvoted 0 times
Dorathy
1 year ago
D) Most cryptocurrencies rely on private block chains, which allow users' transactions to be completely anonymous and therefore difficult to trace.
upvoted 0 times
...
Shayne
1 year ago
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
upvoted 0 times
...
Vallie
1 year ago
B) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
upvoted 0 times
...
Lashandra
1 year ago
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
upvoted 0 times
...
...
Johnathon
1 year ago
I'm going with option A. Tracing crypto transactions is not as easy as it may seem, but a skilled fraud examiner can definitely find patterns and links to potential criminal activity.
upvoted 0 times
Maryrose
1 year ago
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
upvoted 0 times
...
Alberta
1 year ago
A) That's true, the cryptographic address can be a key piece in tracing suspicious transactions.
upvoted 0 times
...
Lonna
1 year ago
B) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
upvoted 0 times
...
Geraldo
1 year ago
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
upvoted 0 times
...
...
Dominga
1 year ago
Haha, option B is clearly the funniest one. As if digital wallet providers would not have to record any personal info about their users. What a joke!
upvoted 0 times
Cyril
1 year ago
Haha, option B is clearly the funniest one. As if digital wallet providers would not have to record any personal info about their users. What a joke!
upvoted 0 times
...
Edelmira
1 year ago
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
upvoted 0 times
...
Janine
1 year ago
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
upvoted 0 times
...
...
Bulah
1 year ago
I disagree with option D. Most cryptocurrencies use public blockchains, not private ones, which makes transactions much more traceable than people think.
upvoted 0 times
...
Alline
1 year ago
Option A is the most accurate statement. A forensic accountant can definitely trace cryptocurrency transactions by analyzing the cryptographic addresses associated with each transaction.
upvoted 0 times
Delsie
1 year ago
D) Most cryptocurrencies rely on private block chains, which allow users' transactions to be completely anonymous and therefore difficult to trace.
upvoted 0 times
...
Mica
1 year ago
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
upvoted 0 times
...
Mila
1 year ago
B) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
upvoted 0 times
...
Mauricio
1 year ago
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
upvoted 0 times
...
Glenn
1 year ago
D) Most cryptocurrencies rely on private block chains, which allow users' transactions to be completely anonymous and therefore difficult to trace.
upvoted 0 times
...
Lang
1 year ago
C) Cryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.
upvoted 0 times
...
Steffanie
1 year ago
B) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
upvoted 0 times
...
Albert
1 year ago
A) Each Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.
upvoted 0 times
...
...
Laurel
1 year ago
But A makes sense because each Blockchain transaction contains a user's cryptographic address.
upvoted 0 times
...
Eliz
1 year ago
I disagree, I believe the answer is D.
upvoted 0 times
...
Laurel
1 year ago
I think the answer is A.
upvoted 0 times
...
Amalia
1 year ago
But A makes sense because each Blockchain transaction contains a user's cryptographic address.
upvoted 0 times
...
Peggy
1 year ago
I disagree, I believe the answer is D.
upvoted 0 times
...
Amalia
1 year ago
I think the answer is A.
upvoted 0 times
...

Save Cancel