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ACFE CFE-Law - Certified Fraud Examiner (CFE) - Law

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Total 158 questions

Which of the following is MOST LIKELY to affect the rights that an employee may have during an internal investigation?

A.

The likelihood that the case will eventually go to trial.

B.

The existence of a collective bargaining agreement.

C.

The amount of evidence that the employer possesses.

D.

The length of the employee's tenure at the organization.

The government filed a avil action against a politician for accepting real estate as a bribe. There is a possibility that the politician could transfer the real estate to a third party before the court enters a final judgment Which type of order should the government seek from the court to prevent the politician from transferring the real estate?

A.

Preservation order

B.

Declaratory relief

C.

Prejudgment attachment

D.

Litigation hold

Which of the following statements concerning civil trials in civil law jurisdictions is MOST ACCURATE?

A.

The standard of proof in civil trials is often described as the inner conviction of the judge.

B.

The standard of proof in civil trials is lower than it is in criminal trials.

C.

Civil trials are typically a single event rather than a continual series of meetings and correspondences.

D.

Neither side may appeal an adverse judgment in a civil case.

At the end of a civil proceeding, the court finds the defendant, a company, liable and orders it to pay a large sum of money to compensate for the plaintiffs losses. Which of the following BEST describes this type of remedy?

A.

Declaratory relief

B.

Carnages

C.

Equitable relief

D.

Injunction

Which of the following is an example of a trade-based money laundering scheme?

A.

An importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally

B.

An accountant overstates a restaurants revenues to hide illegal funds that are secretly laundered through the business

C.

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

D.

A businessperson deposits illicit funds into the bank account of a company they secretly own which then lends the funds back to them

Which of the following choices is a method of pretrial civil discovery that is often found in common law jurisdictions?

A.

Injunctions

B.

Production writs

C.

Indictments

D.

Affidavits of documents

Which of the following is the MOST ACCURATE statement about rules prohibiting securities broker-dealers from making unsuitable recommendations on investments or investment strategies?

A.

A suitability violation occurs when a broker does not carry out a trade requested by or promised to a customer

B.

A suitability violation occurs when a broker recommends an investment or investment strategy that is inconsistent with the client's objectives

C.

A suitability violation occurs when a broker trades in a client's account without obtaining prior approval for making the transaction(s).

D.

A suitability violation occurs when a broker enters into transactions and manages a client's account for the purpose of generating excessive commissions

Which of the following is NOT a requirement of the European Union's (EU) General Data Protection Regulation (GDPR)?

A.

An organization must delete a data subject's personal data automatically when the data are no longer m use.

B.

An organization must have a documented lawful basis for collecting or processing personal data.

C.

An organization generally must notify all affected data subjects without undue delay when a high-risk data breach occurs

D.

An organization must confirm or deny that it possesses a data subject's personal data upon that individual's request

Aliyah is an employee at Chatham, a publicly traded corporation, and she owns shares of Chatham's stock. Aliyah learns that Chatham is going to publicly announce low earnings, so she sells her shares of Chatham's stock. If her conduct is illegal in the jurisdiction where she works and resides, then what type of crime did Aliyah MOST LIKELY commit?

A.

Churning

B.

Insider trading

C.

Trading on margin

D.

Futures fraud

Which of the following statements concerning alternative remittance systems is INCORRECT?

A.

The systems are not necessarily illegal.

B.

Funds are sent and received without the use of traditional financial institutions.

C.

The systems are characterized by a lack of physical or digital transfer of currency between payers and payees.

D.

The ledgers used typically contain information regarding payers and payees, such as names and account numbers.