ACFE CFE-Law Exam - Topic 3 Question 75 Discussion

Actual exam question for ACFE's CFE-Law exam

Question #: 75
Topic #: 3

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

ARequire individuals to make a disclosure any time currency is physically transported into or out of a country, regardless of the currency amount.

BEliminate the practice of carrying currency above a certain threshold across international borders.

CEstablish reporting thresholds for physically carrying currency or currency equivalents into or out of a country.

DStipulate that financial institutions must inform authorities any time they conduct a transaction involving a cash equivalent originating from another country.

Show Suggested Answer

Suggested Answer: C

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

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