Labour Day Special 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: exams65

Certified Fraud Examiner (CFE) - Law Question and Answers

Certified Fraud Examiner (CFE) - Law

Last Update May 1, 2024
Total Questions : 103

We are offering FREE CFE-Law ACFE exam questions. All you do is to just go and sign up. Give your details, prepare CFE-Law free exam questions and then go for complete pool of Certified Fraud Examiner (CFE) - Law test questions that will help you more.

CFE-Law pdf

CFE-Law PDF

$35  $99.99
 Add to Cart
CFE-Law Engine

CFE-Law Testing Engine

$42  $119.99
 Add to Cart
CFE-Law PDF + Engine

CFE-Law PDF + Testing Engine

$56  $159.99
 Add to Cart
Questions 1

Ramona is investigating Eugene for misconduct Ramona and Eugene both work for Elek-Tek, which operates in a jurisdiction with evil laws for defamation, invasion of privacy and conflict of interest During the investigation Ramona obtained ^formation that Eugene is cheating on his spouse Ramona to a large group of Elek-Tek employees that Eugene was committing adultery, which turned out to be true Which cause of action would give Eugene the BEST chance for success m a civil suit against Ramona?

Options:

A.  

Conflict of interest

B.  

Defamation

C.  

Public disclosure of private facts

D.  

Slander

Discussion 0
Questions 2

Which of the following is the MOST ACCURATE statement about serf-regulatory organizations (SROs) in the securities industry?

Options:

A.  

An SRO generally has sole regulatory authority over the securities industry in the jurisdiction in which it operates

B.  

In most jurisdictions. SROs are prohibited from participating in the resolution of disputes related to securities transactions

C.  

An SRO is a governmental entity that exercises regulatory authority over the securities industry in its jurisdiction

D.  

In some jurisdictions SROs establish the standards and rules under which members of the securities industry operate

Discussion 0
Questions 3

Before her criminal trial for embezzlement Monique contacts witnesses against her and offers to pay them if they change their stories Based on her actions the government would MOST LIKELY bring additional charges against Monique for:

Options:

A.  

Obstruction of justice

B.  

Fraudulent misrepresentation

C.  

Conspiracy to influence the court

D.  

Judicial extortion

Discussion 0
Questions 4

The Financial Action Task Force (FATF) Recommendations slate that a financial institution s customer due diligence (COD) procedures should include continued monitoring of a customer's business relationships and transactions.

Options:

A.  

True

B.  

False

Discussion 0
Questions 5

Ellis works for a business that filed for bankruptcy. The administrator presiding over the bankruptcy contacts Ellis and requests information regarding his employer's financial affairs Assuming the administrator has all of the powers recommended in the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes (World Bank Principles) which of the following is TRUE?

Options:

A.  

The administrator may only seek information regarding the bus ness that filed bankruptcy if Ellis consents to providing it.

B.  

The administrator has no power to obtain the information under any circumstances

C.  

The administrator may compel Ellis to provide the information despite Ellis's relationship to the business

D.  

The administrator may not obtain the information unless the business agrees in writing

Discussion 0
Questions 6

During a bankruptcy bustout scheme, or planned bankruptcy, the debtor committing the fraud typically performs which of the following actions?

Options:

A.  

Colludes with creditors and the trustee to pay some creditors but not ethers

B.  

Bribes a trustee to overlook assets in the debtor's possession

C.  

Conspires with suppliers to produce fraudulent invoices

D.  

Purchases large quantities of goods on credit

Discussion 0
Questions 7

Which of the following is a legal element that must be shown to prove a claim for commercial bribery?

Options:

A.  

The defendant acted negligently.

B.  

The defendant gave or received a thing of value.

C.  

The principal suffered damages as a result of the bribe

D.  

The defendant failed to exercise due care.

Discussion 0
Questions 8

Which of the following statements about the appeals process in cranial cases is MOST ACCURATE?

Options:

A.  

In common law jurisdictions, appellate courts are generally not permitted to make their own factual determinations when reviewing a case

B.  

In civil law jurisdictions appellate courts are generally not permitted to make their own legal conclusions when reviewing a case

C.  

Appellate courts will usually hear an appeal even if the petition was not filed in a timely manner

D.  

Appellate courts will usually reverse a conviction even if the trial court's error did not affect the outcome of the case

Discussion 0
Questions 9

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:

A.  

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

B.  

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

C.  

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

D.  

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

Discussion 0
Questions 10

Which of the following statements regarding civil lawsuits in most jurisdictions is CORRECT?

Options:

A.  

The plaintiffs initial filing does not typically need to contain a summary of the evidence

B.  

Civil lawsuits begin with the filing of a pleading, usually in the jurisdiction in which the defendant resides or where the claim arose

C.  

The plaintiff’s initial filing with the court does not typically need to include the specific facts on which the claim relies.

D.  

All of the above are correct

Discussion 0
Questions 11

A business files for bankruptcy with the goal of obtaining relief from creditors so that it can rearrange its financial affairs and continue as a going concern. Which of the following describes this type of bankruptcy proceeding?

Options:

A.  

Reorganization bankruptcy

B.  

Debt adjustment bankruptcy

C.  

Debt dismissal bankruptcy

D.  

Liquidation bankruptcy

Discussion 0
Questions 12

The MOST COMMON bankruptcy fraud scheme is:

Options:

A.  

Forged filing

B.  

A planned bustcut

C.  

A credit card bustout

D.  

Concealment of assets

Discussion 0
Questions 13

Ethan a U S resident, is running a Ponzi scheme As part of the scheme, he uses the U S mail system to send promotional materials to potential victims in France If the US government decides to prosecute Ethan, which of the following would provide the MOST LIKELY basis for the charges?

Options:

A.  

Mail fraud

B.  

Wire fraud

C.  

Insider trading fraud

D.  

Communications fraud

Discussion 0
Questions 14

Grant, a fraud examiner is investigating Beatrice for embezzlement on his employer's behalf. During his investigation. Grant learns that Beatrice has cheated on her spouse and he tells several of Beatrice's coworkers about it Beatrice discovers that Grant revealed the unflattering (albeit true) information about her and decides to file a claim of defamation against Grant. Which of the following is the BEST explanation of why Beatrice will not win her defamation case?

Options:

A.  

The information was true

B.  

The communications to the subject's coworkers were privileged

C.  

The news was not communicated to enough people

D.  

The statement was not printed and distributed

Discussion 0
Questions 15

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

Options:

A.  

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

B.  

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

C.  

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

D.  

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

Discussion 0