Name: ACFE Certified Fraud Examiner (CFE) - Law Exam
Brand: Pass4Success
SKU: Certified Fraud Examiner (CFE) - Law
Price: 69.00 USD
Availability: InStock
Rating: 4.7 (73 reviews)

Disscuss ACFE Certified Fraud Examiner (CFE) - Law Topics, Questions or Ask Anything Related

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!

Free ACFE Certified Fraud Examiner (CFE) - Law Exam Actual Questions

The questions for Certified Fraud Examiner (CFE) - Law were last updated On Apr. 22, 2024

Question #1

Which of the following statements concerning money services businesses (MSBs) is INCORRECT?

AMSBs tend to have a tower money laundering risk than other financial institutions.

BMSBs are generally less strictly regulated than traditional financial institutions.

CA check cashing company is classified as an MSB.

DA currency exchange is classified as an MSB.

Reveal Solution

Correct Answer: B

Question #2

Greg is serving as an expert witness and is being cross-examined at trial. The questioning party gets Greg to state that he spent considerable time working on a certain issue in the case. Then the questioning party asks many questions on a tangential issue in the case that Greg knows little about. Which of the following describes the questioning party's method?

AMyopic vision

BPersonal attack

CBias

DSounding board

Reveal Solution

Correct Answer: A

Question #3

Which of the following is an example of a trade-based money laundering scheme?

AAn importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally

BAn accountant overstates a restaurants revenues to hide illegal funds that are secretly laundered through the business

CA drug cartel outside of the United States launders illicit funds by hiring runners to deposit small amounts of money in bank accounts throughout the United States

DA businessperson deposits illicit funds into the bank account of a company they secretly own which then lends the funds back to them

Reveal Solution

Correct Answer: A

Question #4

Under the best practices listed in the Financial Action Task Force (FATF) Recommendations concerning large cash transactions with customers which of the following transactions would require a report to be Wed with the government?

AA domestic credit card purchase of a piece of jewelry above the jurisdiction's designated threshold

BA cash payment to a restaurant supplier for restaurant supplies above the jurisdiction's designated threshold

CAn international purchase of a small boat with a lump-sum cash payment below the jurisdiction's designated threshold

DA lump-sum cash deposit to a bank above the jurisdiction's designated threshold

Reveal Solution

Correct Answer: D

Question #5

Company A sued Company B lo recover damages for the breach of a contract. In the same proceeding. Company B sought damages for an allegation that Company A fraudulently induced Company B into entering the contract. In this case, what would Company B's claim against Company A be called?

ACounterclaim

BCollateral attack

CReversal

DCross-claim

Reveal Solution

Correct Answer: A

Unlock all Certified Fraud Examiner (CFE) - Law Exam Questions with Advanced Practice Test Features:

Select Question Types you want
Set your Desired Pass Percentage
Allocate Time (Hours : Minutes)
Create Multiple Practice tests with Limited Questions
Customer Support

Get Full Access Now