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ACFE CFE-Law Exam - Topic 3 Question 75 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-Law Exam - Topic 3 Question 75 Discussion

Actual exam question for ACFE's CFE-Law exam
Question #: 75
Topic #: 3
[All CFE-Law 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

by Janine at May 16, 2026, 02:47 PM

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Darrin
10 hours ago
Wait, are they really suggesting we disclose all amounts? That seems excessive!
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Izetta
6 days ago
I think C) makes more sense, though.
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Cherri
11 days ago
A) is definitely a requirement for cross-border currency transport.
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Tawanna
16 days ago
I’m leaning towards option D because it seems like a logical step for financial institutions to report cash equivalents from abroad, but I could be mixing it up with another topic.
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Queenie
21 days ago
I’m a bit confused about whether they require disclosure for all amounts or just for larger sums. I feel like I’ve seen both ideas in different contexts.
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Lizette
26 days ago
I remember a practice question about currency reporting, and I think it was similar to option C. It makes sense to have thresholds to monitor large transfers.
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Filiberto
2 months ago
I think the FATF recommends establishing reporting thresholds for currency transport, but I'm not entirely sure if it's for all amounts or just above a certain limit.
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