ACFE CFE Law Certified Fraud Examiner (CFE) – Law Online Training
ACFE CFE Law Online Training
The questions for CFE Law were last updated at Nov 23,2024.
- Exam Code: CFE Law
- Exam Name: Certified Fraud Examiner (CFE) - Law
- Certification Provider: ACFE
- Latest update: Nov 23,2024
Which of the following is NOT required for a contract transaction or scheme to be classified as an investment contract?
- A . The expectation of making a profit
- B . Profits derived solely from the investor’s management activity
- C . investment m a common enterprise
- D . An investment of money or other asset
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
Which of the following is the MOST ACCURATE statement about the different types of alternative dispute resolution’?
- A . The agreements reached in mediations are generally nonbinding.
- B . In a mediation session, the mediator decides who should win the dispute at issue
- C . The decisions reached in all arbitrations are always binding
- D . In an arbitration proceeding the arbitrator acts as a judge or jury by deciding the dispute at issue on its merits
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 . Reorganization bankruptcy
- B . Debt adjustment bankruptcy
- C . Debt dismissal bankruptcy
- D . Liquidation bankruptcy
Each day, Rachel purchases $14 500 in bearer instruments with cash from a bank where all currency transactions above 515,000 must be reported to the government Rachets actions are a red flag of which of the following schemes’?
- A . Channel stuffing
- B . Alternative remittance system
- C . Structuring
- D . Real estate laundering
To determine if a misrepresentation in the offer or sale of any securities is material a fraud examiner should answer which of the following questions?
- A . "Did the person who made the representation believe that it was suitable for potential investors?"
- B . "Was the misrepresentation made by an authorized individual?"
- C . "Would a reasonable investor wish to know the information to make an informed decision?"
- D . ”Did the person who made the representation intend to mislead potential investors?
The Financial Action Task Force (FATF) Recommendations advise countries to do all of the following EXCEPT:
- A . Use a risk-based approach when setting anti-money laundering policies
- B . Require financial institutions to keep certain records and establish anti-money laundering policies.
- C . Require financial institutions to monitor their customers’ political affiliations.
- D . Enable authorities to trace freeze, and confiscate assets suspected in money laundering and terrorist financing
Which of the following statements concerning civil trials in common law jurisdictions is MOST ACCURATE?
- A . Civil jury trials must have the same number of jurors as in criminal jury trials.
- B . Neither side may appeal an adverse judgment in a civil case
- C . Jury verdicts m civil trials must always be unanimous
- D . in most civil cases, the standard of proof is the preponderance of the evidence
In jurisdictions that allow criminal bargaining agreements the defendant’s counsel generally has the discretion to determine whether a bargaining agreement is available to the defendant.
- A . True
- B . False
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 of the accused to be informed of criminal charges
- B . Right to be presumed innocent until proven guilty
- C . Right to a trial by jury
- D . Freedom from arbitrary arrests
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