Unique Top-selling CFE-Law Exams - New 2023 ACFE Pratice Exam
ACFE Certification Dumps CFE-Law Exam for Full Questions - Exam Study Guide
The CFE-Law Exam covers a wide range of topics, including fraud investigations, legal aspects of fraud, financial transactions and fraud schemes, ethics and professional responsibility, and criminology and psychology. CFE-Law exam is divided into four sections, each of which is designed to test a specific area of expertise. Candidates must pass all four sections of the exam in order to become certified as a CFE-Law.
NEW QUESTION # 19
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. True
- B. False
Answer: A
NEW QUESTION # 20
IBC Manufacturing is a private company in a jurisdiction in which the public has the legal right to be free from unreasonable search and seizure by government authorities. An investigator at IBC searches the desk of Denise an IBC employee and finds illegal narcotics. The investigator seizes the narcotics and turns them over to members of law enforcement. The investigator violated Denises rights by failing to obtain a search warrant before conducting the search
- A. True
- B. False
Answer: A
NEW QUESTION # 21
In systems using adversarial processes, an attorney may impeach an opposing party's witness by showing that the witness:
- A. Made poor consistent statements
- B. Has a keen ability to observe
- C. Testified from personal knowledge
- D. Is influenced by bias or self-interest
Answer: D
NEW QUESTION # 22
A custodial arrest occurs when a law enforcement officer informs the suspect of their rights as a criminal defendant
- A. True
- B. False
Answer: A
NEW QUESTION # 23
Company A sued Company B to recover damages tor 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. Counterclaim
- B. Collateral attack
- C. Cross-claim
- D. Reversal
Answer: A
NEW QUESTION # 24
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:
- A. Fraudulent misrepresentation
- B. Conspiracy to influence the court
- C. Judicial extortion
- D. Obstruction of justice
Answer: D
NEW QUESTION # 25
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 has a duty to cooperate with the investigation even if what is requested from him is not reasonable
- C. Burton can refuse to cooperate with the investigation because he has a fundamental right to privacy
- D. Burton can refuse to cooperate with the investigation because he has a fundamental right to remain silent
Answer: A
NEW QUESTION # 26
Which of the following is TRUE in regard to authenticating evidence in most common law systems?
- A. Exhibits that cannot be authenticated will not be admitted regardless of relevance
- B. The purpose of authentication is to ensure that hearsay is not admitted into evidence
- C. Digital records cannot be authenticated by testimony from a witness with personal knowledge
- D. For evidence to be authenticated it must be reviewed and voted on by a jury
Answer: B
NEW QUESTION # 27
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?
- A. Slander
- B. Defamation
- C. Public disclosure of private facts
- D. Conflict of interest
Answer: C
NEW QUESTION # 28
Which of the following is NOT one of the elements that the government must prove to establish a violation of a law criminalizing false statements to government agencies?
- A. The government relied on the false statement
- B. The false statement was material
- C. The defendant made a false statement
- D. The defendant knew the statement was false
Answer: A
NEW QUESTION # 29
Which of the following is NOT a right of the accused under the United Nations' (UN) International Covenant on Civil and Political Rights (ICCPR)?
- A. Right to be presumed innocent until proven guilty
- B. Right of the accused to be informed of criminal charges
- C. Freedom from arbitrary arrests
- D. Right to a trial by jury
Answer: D
NEW QUESTION # 30
Which of the following is an example of a trade-based money laundering scheme?
- A. A drug cartel outside of the United States launders illicit funds by hiring runners to deposit small amounts of money in bank accounts throughout the United States
- B. An importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally
- C. A businessperson deposits illicit funds into the bank account of a company they secretly own which then lends the funds back to them
- D. An accountant overstates a restaurants revenues to hide illegal funds that are secretly laundered through the business
Answer: B
NEW QUESTION # 31
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 related to public subsidies licenses, and contract procurement
- C. Consumer data protection laws
- D. Laws and regulations covering e-commerce
Answer: B
NEW QUESTION # 32
Which of the following would be direct evidence that the criminal defendant a former cashier for a home improvement store committed a cash larceny scheme that resulted n the theft of more than $5 000 from the store?
- A. A coworker testifies that the defendant was acting nervously the day the money was taken
- B. A witness testifies that they saw the defendant take the money
- C. A diagram is used to display the location of the store's registers
- D. A witness testifies that the defendant was almost always the last cashier to leave the store
Answer: B
NEW QUESTION # 33
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. Debt adjustment bankruptcy
- B. Reorganization bankruptcy
- C. Debt dismissal bankruptcy
- D. Liquidation bankruptcy
Answer: B
NEW QUESTION # 34
Claude stole a large amount of cash from his employer and then deposited the funds into a domestic bank account Next, he wired the illicit funds to a foreign bank account and engaged m several other transactions using foreign accounts to make them difficult to trace Finally, he transferred the funds back to a domestic account and then spent the money. Which of the following actions was the layering stage of Claude's money laundering scheme?
- A. When he spent the money
- B. When he first stole the cash from his employer
- C. When he moved the funds through several transactions using foreign accounts
- D. When he first deposited the funds into a domestic account
Answer: C
NEW QUESTION # 35
Which of the following statements concerning fact finders in criminal trials in common law jurisdictions is MOST ACCURATE?
- A. The presence of a jury is always required to make factual findings in a common law criminal trial
- B. A judge is typically responsible for factual findings
- C. Juries usually serve as the fact finder in serious cases
- D. A panel of a professional judge and lay judges usually serves as the fact finder in serious cases
Answer: B
NEW QUESTION # 36
Which of the following statements concerning the appointment of expert witnesses at that is accurate?
- A. Generally, only the parties may select expert witnesses in inquisitional jurisdictions.
- B. Generally the court selects the primary expert witnesses in adversarial jurisdictions.
- C. Generally, the court appoints the primary expert witnesses in inquisitorial jurisdictions.
- D. Generally, only the parties may select experts to introduce testimony in adversarial jurisdictions
Answer: A
NEW QUESTION # 37
Which of the following, if available, would help an organization recover losses from an instance of internal fraud?
- A. Deposition
- B. Fidelity insurance
- C. Privilege insurance
- D. Customer liability policy
Answer: B
NEW QUESTION # 38
Which of the following is the MOST ACCURATE statement about the different types of alternative dispute resolution'?
- A. The decisions reached in all arbitrations are always binding
- B. In a mediation session, the mediator decides who should win the dispute at issue
- C. In an arbitration proceeding the arbitrator acts as a judge or jury by deciding the dispute at issue on its merits
- D. The agreements reached in mediations are generally nonbinding.
Answer: A
NEW QUESTION # 39
In most civil law systems, the burden of proof for the government to convict a defendant in a criminal case is beyond a reasonable doubt.
- A. True
- B. False
Answer: B
NEW QUESTION # 40
Which of the following is NOT a legal element that must be shown to prove a claim for fraudulent misrepresentation of material facts?
- A. The victim suffered damages as a result of the misrepresentation
- B. The victim relied on the misrepresentation
- C. The defendant acted negligently
- D. The defendant made a false statement (i, e., a misrepresentation of fact)
Answer: C
NEW QUESTION # 41
Which of the following is the MOST ACCURATE statement about the UK Bribery Act?
- A. The UK Bribery Act only exercises jurisdiction over individuals and corporate entities for acts of corruption when the offense occurs outside the United Kingdom
- B. Like the FCPA the UK Bribery Act contains an explicit exception for facilitating payments
- C. Even if an organization's anti-corruption program complies with the FCPA, it might not be sufficient for the purpose of complying with the UK Bribery Act
- D. Unlike the FCPA. the UK Bribery Act makes it a crime to bribe a foreign public official in connection with international business transactions
Answer: C
NEW QUESTION # 42
A prosecutor died criminal charges against Rosa calming that she stole Juan's personal information and sold his identity on the dark web Juan wants to file a civil lawsuit against Rosa to recover damages arising from the identity theft Can Juan file the civil action before the criminal action against Rosa is completed?
- A. Yes, the evil action can be filed if the jurisdiction permits parallel proceedings.
- B. No, the civil action cannot be filed if the jurisdiction prohibits double jeopardy.
- C. No, the civil action cannot be filed if the jurisdiction prohibits counterclaims.
- D. Yes, the evil action can be filed if the jurisdiction permits analogous cairns.
Answer: A
NEW QUESTION # 43
Which of the following is a red flag that an entity is operating a security business without the proper license or registration?
- A. The agents working at the entity have criminal records.
- B. There are justified gaps in the work history of promoters at the entity
- C. The entity's website contains detailed background information.
- D. There is an unexplained absence of customer complaints against the entity.
Answer: A
NEW QUESTION # 44
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