Spring Sale Limited Time 75% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code = simple75

Pass the ACFE Certified Fraud Examiner CFE-Law Questions and answers with Dumpstech

Exam CFE-Law Premium Access

View all detail and faqs for the CFE-Law exam

Go to Exam

Practice at least 50% of the questions to maximize your chances of passing.

Viewing page 2 out of 7 pages

Viewing questions 11-20 out of questions

Questions # 11:

Which of the following is the MOST ACCURATE statement about the circumstances under which a conflict of interest claim would be actionable against an agent?

Options:

The agent must have purported to act on behalf of or as an agent for an identified principal

The agent must have had an undisclosed interest m a matter that could influence their professional role

The agent must have informed the principal of their actions

The agent must have been authorized by someone with actual authority to carry out the transaction at issue

Questions # 12:

The same customer comes into a casino each day and deposits a large amount of cash into an account but after very little gambling the customer withdraws the funds The casino employees suspect that the customer may be engaged in money laundering activity Assuming that the anti-money laundering (AML) regulations that govern the casino’s activities correspond to the Financial Action Task Force (FATF) Recommendations the casino:

Options:

May, but is not required to file a report of suspicious transactions related to possible money laundering with appropriate authorities

May not file a report of suspicious transactions related to potential criminal activity with appropriate authorities

Is required to file a report of suspicious transactions with appropriate authorities because the employees suspect money laundering violations

Is required to file a cash transaction report for possible criminal activity with appropriate authorities because cash was involved

Questions # 13:

In a particular country's judicial process, the judge oversees the investigation of a case is primarily responsible for questioning witnesses and generally plays a larger role in the evidence-gathering process than the parties' legal counsel Which of the following BEST describes this type of judicial process'?

Options:

Adversarial process

Substantive law process

Inquisitorial process

Common law process

Questions # 14:

Which of the following schemes involves disguising money from illegal nonbusiness sources by recording more income on a business's books than the business actually generates?

Options:

Overstate revenues

Structured deposits

Trade-based laundering

None of re above

Questions # 15:

In most civil law jurisdictions which of the following BEST describes when a party is required to begin taking steps to preserve and produce relevant evidence?

Options:

When the court orders such steps to be taken

When litigation has started

When the party receives a service of process

When the charging documents are filed

Questions # 16:

The government filed a avil action against a politician for accepting real estate as a bribe. There is a possibility that the politician could transfer the real estate to a third party before the court enters a final judgment Which type of order should the government seek from the court to prevent the politician from transferring the real estate?

Options:

Preservation order

Declaratory relief

Prejudgment attachment

Litigation hold

Questions # 17:

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

Options:

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

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

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

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

Questions # 18:

According to the best practices regarding large cash transactions with customers as provided by the Financial Action Task Force (FATF) Recommendations, which of the following transactions would require a report to be filed with the government?

Options:

A domestic cash deposit into a bank of a sum that is below the jurisdiction's designated threshold.

A single cash purchase of restaurant supplies for a sum that is above the jurisdiction's designated threshold.

A single cash purchase of casino credits for a sum that is above the jurisdiction's designated threshold.

All of the above.

Questions # 19:

Clara is a fraud examiner investigating a potentially fraudulent misrepresentation made in the sale of a security. Which of the following questions should Clara ask to determine if the misrepresentation was material?

Options:

"Would a reasonable investor want to know the information to make an informed decision?"

"Is the person who made the misrepresentation registered as a broker-dealer?"

"Were potential investors promised guaranteed returns in the misrepresentation?"

"Did the person who made the representation have authorization to make the statements that are in dispute?"

Questions # 20:

Which of the following statements is TRUE regarding criminal proceedings and discovery in adversarial jurisdictions?

Options:

Most criminal proceedings are divided into pretrial, investigative and trial phases

Parties typically cannot request evidence from each other until after the trial begins.

The majority of criminal discovery usually occurs before the trial begins.

The judge is the primary driver of the discovery process in criminal proceedings.

Viewing page 2 out of 7 pages

Viewing questions 11-20 out of questions