Vce CFE-Law Questions Latest

This question tests your knowledge of Domain 5.

In the context of Money Laundering, specifically relating to FATF, the question asks about large cash transactions with customers which of the following transactions would require a report to be Wed with the government, FATF.

The correct answer is D: A lump-sum cash deposit to a bank above the jurisdiction's designated threshold.

This question addresses money laundering concepts. The correct answer correctly identifies the stage, method, or regulatory framework related to money laundering or anti-money laundering efforts. Understanding these processes is critical for fraud examiners working to detect and prevent financial crimes.

This question tests your knowledge of Domain 5.

In the context of Money Laundering, specifically relating to money laundering, anti-money laundering, FATF, the question asks about FATF, AML.

The correct answer is C: Is required to file a report of suspicious transactions with appropriate authorities because the employees suspect money laundering violations.

This question addresses money laundering concepts. The correct answer correctly identifies the stage, method, or regulatory framework related to money laundering or anti-money laundering efforts. Understanding these processes is critical for fraud examiners working to detect and prevent financial crimes. Money laundering typically involves three stages: placement (introducing illegal funds into the financial system), layering (creating complex transactions to hide the source), and integration (returning the funds to the launderer in an apparently legitimate form).

This question tests your knowledge of Domain 1.

In the context of Overview of the Legal System, specifically relating to common law, the question asks about NOT.

The correct answer is B: The victim was an employee of the defendant.

This question relates to the legal system framework. Understanding the distinction between different legal systems and processes is crucial for fraud examiners. The correct answer accurately describes the relationship between different legal entities and their jurisdictions.

This question tests your knowledge of Domain 1.

In the context of Overview of the Legal System, specifically relating to common law, the question asks about TRUE.

The correct answer is D: The purpose of authentication is to ensure that hearsay is not admitted into evidence.

This question relates to the legal system framework. Understanding the distinction between different legal systems and processes is crucial for fraud examiners. The correct answer accurately describes the relationship between different legal entities and their jurisdictions.