Get 100% Success with Latest ACFE Certification CFE-Law Exam Dumps Mar 25, 2024
The Best CFE-Law Exam Study Material and Preparation Test Question Dumps
ACFE CFE-Law Exam is a comprehensive test that covers a wide range of topics related to fraud prevention and detection. CFE-Law exam is divided into four sections, which include fraud prevention and deterrence, financial transactions and fraud schemes, investigation, and law. Each section of the exam is designed to test the knowledge and skills of the candidate in a specific area of fraud examination.
The CFE-Law certification is a subset of the CFE certification program, and it is specifically designed for professionals who specialize in fraud examination within the legal profession. The CFE-Law exam covers many of the same topics as the standard CFE exam, but with an emphasis on the legal aspects of fraud investigation and prosecution.
NEW QUESTION # 26
The Organisation for Economic Co-operation and Developments (OECD) Recommendation on Combating Bribery m International Business (Recommendation) urges member states to combat the bribery of foreign public officials by taking steps to improve which of the following primary areas within their respective infrastructures?
- A. Public health and safety regulations
- B. Laws and regulations covering e-commerce
- C. Consumer data protection laws
- D. Laws and regulations related to public subsidies licenses, and contract procurement
Answer: D
NEW QUESTION # 27
Which of the following statements concerning digital currencies, such as bitcoin, is MOST ACCURATE?
- A. Digital currencies are not typically used to launder money due to strict customer identification or recordkeeping requirements enforced in all jurisdictions
- 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 subject to all of the same regulations as payments made through traditional financial institutions
Answer: B
NEW QUESTION # 28
Which of the following statements concerning front businesses as a method of laundering money is the LEAST ACCURATE?
- A. From criminals' perspective a disadvantage to front businesses is that they generally must pay taxes on the illicit income
- B. A red flag of a front business is the observation of a large number of customers during peak operating hours
- C. Front businesses provide cover for delivery and transportation related to illegal activity
- D. Front businesses benefit launderers by providing a safe place to manage criminal activities
Answer: B
NEW QUESTION # 29
Dodd is a Certified Fraud Examiner (CFE) who works for Weathervane, a private company Dodd suspects that Burton a Weathervane employee has embezzled money from the company Dodd plans to conduct an internal investigation into the missing funds Based on these facts which of the following is the MOST ACCURATE statement?
- A. Burton likely has a duty to cooperate with the investigation as part of the employer-employee relationship
- B. Burton can refuse to cooperate with the investigation because he has a fundamental right to privacy
- C. Burton has a duty to cooperate with the investigation even if what is requested from him is not reasonable
- D. Burton can refuse to cooperate with the investigation because he has a fundamental right to remain silent
Answer: A
NEW QUESTION # 30
Which of the following statements regarding civil lawsuits in most jurisdictions is CORRECT?
- 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. All of the above are correct
- D. The plaintiff's initial filing with the court does not typically need to include the specific facts on which the claim relies.
Answer: B
NEW QUESTION # 31
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?
- A. Collateral attack
- B. Cross-claim
- C. Reversal
- D. Counterclaim
Answer: D
NEW QUESTION # 32
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?
- A. Liquidation bankruptcy
- B. Debt dismissal bankruptcy
- C. Debt adjustment bankruptcy
- D. Reorganization bankruptcy
Answer: D
NEW QUESTION # 33
Tatiana is the chief executive officer (CEO) of Mattress World Warehouse, a retail mattress store that has been struggling financially A week before Mattress World Warehouse files for bankruptcy Tatiana sets ten mattresses to her husband at 80% below market value Which type of fraud scheme has Tatiana MOST LIKELY committed?
- A. A planned bustout
- B. A fraudulent conveyance
- C. A concealed transfer
- D. A fraudulent bankruptcy
Answer: C
NEW QUESTION # 34
Countries A and B both follow the Financial Action Task Force (FATF) Recommendations concerning cross-border transfers of currency Trevor is traveling from Country A to Country B while carrying $16,000 in cash which exceeds Country B's reporting threshold Trevor is required to disclose the amount of currency he is carrying to authorities in Country B.
- A. False
- B. True
Answer: B
NEW QUESTION # 35
Raj is an employee who works in a jurisdiction that prohibits unreasonable workplace searches and surveillance in areas or items where employees have a reasonable expectation of privacy. In which of the following is Raj MOST LIKELY to have a reasonable expectation of privacy?
- A. A company-issued tablet computer
- B. A waste bin m the employee's office
- C. A backpack brought from home
- D. A filing cabinet in the office lobby
Answer: C
NEW QUESTION # 36
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?
- A. The administrator may compel Ellis to provide the information despite Ellis's relationship to the business
- B. The administrator may not obtain the information unless the business agrees in writing
- C. The administrator may only seek information regarding the bus ness that filed bankruptcy if Ellis consents to providing it.
- D. The administrator has no power to obtain the information under any circumstances
Answer: A
NEW QUESTION # 37
Which of the following examples of judicial systems would BEST be described as a civil law system?
- A. The courts are allowed to consider both codified statutes and previous court decisions but are bound by neither
- B. The courts are bound primarily by previous court decisions to reserve legal issues
- C. The courts are bound by codified principles or statures but are not bound by previous court decisions
- D. The courts are bound by both previous court decisions and codified principles or statutes
Answer: C
NEW QUESTION # 38
Which of the following situations would constitute a violation of the US Foreign Corrupt Practices Act (FCPA)
- A. A private U S company transfers $45,000 to a foreign official to influence the award of a public construction contract.
- B. A private U.S company pays a S2.000 foreign corporation fee that is required in order to do business within the country
- C. A private U.S company transfers $100,000 to the sole proprietor of a Brazilian company to influence the award of a commercial imports contract.
- D. A private UK company transfers $25,000 to a Chilean public official to influence the award of lucrative overseas contracts.
Answer: A
NEW QUESTION # 39
During a trial in an adversarial system an attorney calls an expert witness to the stand and asks "Could you please describe the procedures you performed in your examination?'' Based on this question, which type of testimony is MOST LIKELY being presented'?
- A. Request for admission
- B. Direct exam Ml mi
- C. Impeachment
- D. Cross-examination
Answer: B
NEW QUESTION # 40
Which of the following statements concerning civil trials in common law jurisdictions is MOST ACCURATE?
- A. Neither side may appeal an adverse judgment in a civil case
- B. in most civil cases, the standard of proof is the preponderance of the evidence
- C. Jury verdicts m civil trials must always be unanimous
- D. Civil jury trials must have the same number of jurors as in criminal jury trials.
Answer: C
NEW QUESTION # 41
Which of the following is generally NOT one of the goals of deferred prosecution agreements?
- A. To postpone prosecution until a company conducts an extensive internal investigation
- B. To allow prosecutors to resolve a case while still punishing malfeasance
- C. To get an organization to reform its policies
- D. To reduce the risk of illegal practices at an organization
Answer: A
NEW QUESTION # 42
If Mary uses legal means to lower her tax bill through legitimate deductions and credits she is engaging m tax evasion
- A. True
- B. False
Answer: B
NEW QUESTION # 43
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