ACFE CFE-Law Practice Questions| TestInsights

Question 1

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?

AWhen the court orders such steps to be taken

BWhen litigation has started

CWhen the party receives a service of process

DWhen the charging documents are filed

Correct : B

Options Selected by Other Users:

Mark Question:

Start a Discussions

Submit Your Answer:

AWhen the court orders such steps to be taken

BWhen litigation has started

CWhen the party receives a service of process

DWhen the charging documents are filed

Question 2

In jurisdictions that allow for corporate criminal liability which of the following is typically required for the corporation to be vicariously liable for the acts of one of its employees?

AManagement was directly involved with the offense

BManagement knew of the underlying offense but did not correct it

CThe corporation had previous violations of a similar nature

DThe employee was acting within the scope of their employment

Correct : D

Options Selected by Other Users:

Mark Question:

Start a Discussions

Submit Your Answer:

AManagement was directly involved with the offense

BManagement knew of the underlying offense but did not correct it

CThe corporation had previous violations of a similar nature

DThe employee was acting within the scope of their employment

Question 3

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

Correct : D

Options Selected by Other Users:

Mark Question:

Start a Discussions

Submit Your Answer:

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

Question 4

Which of the following, if available, would help an organization recover losses from an instance of internal fraud?

APrivilege insurance

BCustomer liability policy

CFidelity insurance

DDeposition

Correct : C

Options Selected by Other Users:

Mark Question:

Start a Discussions

Submit Your Answer:

APrivilege insurance

BCustomer liability policy

CFidelity insurance

DDeposition

Question 5

Which of the following statements concerning digital currencies, such as bitcoin, is MOST ACCURATE?

ADigital currencies are subject to all of the same regulations as payments made through traditional financial institutions

BDigital currencies are attractive to money launderers because payments often cross jurisdictional boundaries, making it difficult for authorities to pursue enforcement

CDigital currencies are attractive to money launderers because they are a payment method that provides complete anonymity

DDigital currencies are not typically used to launder money due to strict customer identification or recordkeeping requirements enforced in all jurisdictions

Correct : B

Options Selected by Other Users:

Mark Question:

Start a Discussions

Submit Your Answer:

ADigital currencies are subject to all of the same regulations as payments made through traditional financial institutions

BDigital currencies are attractive to money launderers because payments often cross jurisdictional boundaries, making it difficult for authorities to pursue enforcement

CDigital currencies are attractive to money launderers because they are a payment method that provides complete anonymity

DDigital currencies are not typically used to launder money due to strict customer identification or recordkeeping requirements enforced in all jurisdictions

Curious about Actual ACFE CFE (CFE-Law) Exam Questions?

Options Selected by Other Users:

Options Selected by Other Users:

Options Selected by Other Users:

Options Selected by Other Users:

Options Selected by Other Users: