Pass the ACFE Certified Fraud Examiner CFE-Law Questions and answers with ValidTests

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 MOST ACCURATE, the litigation privilege in common law jurisdictions, which of the following is the MOST ACCURATE statement.

The correct answer is A: The litigation privilege prevents disclosure of documents prepared in anticipation of litigation..

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 4.

In the context of Securities Fraud, specifically relating to securities, unsuitable recommendations, the question asks about MOST ACCURATE, rules prohibiting securities broker-dealers from making unsuitable recommendations on investments or investment strategies.

The correct answer is D: A suitability violation occurs when a broker enters into transactions and manages a client's account for the purpose of generating excessive commissions.

This question tests knowledge of securities fraud and regulation. The correct answer accurately describes the role of regulatory bodies, securities laws, or fraud schemes in this context. Securities fraud is a specialized area requiring knowledge of specific regulations and oversight mechanisms.

This question tests your knowledge of Domain 10.

In the context of Basic Principles of Evidence, specifically relating to privilege, the question asks about MOST ACCURATE.

The correct answer is B: Bob might have waived the privilege because he transmitted the protected information to a third party who has no need to know the information.

This question tests knowledge of evidence principles. The correct answer correctly distinguishes between types of evidence, admissibility requirements, or evidentiary privileges. Proper handling of evidence is crucial for successful fraud investigations and prosecutions.

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 EXCEPT, FATF.

The correct answer is C: Require financial institutions to monitor their customers' political affiliations..

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, the question asks about the core concepts in this area.

The correct answer is B: Placement.

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 4.

In the context of Securities Fraud, specifically relating to securities, SRO, the question asks about MOST ACCURATE, serf-regulatory organizations (SROs) in the securities industry.

The correct answer is D: In some jurisdictions SROs establish the standards and rules under which members of the securities industry operate.

This question tests knowledge of securities fraud and regulation. The correct answer accurately describes the role of regulatory bodies, securities laws, or fraud schemes in this context. Securities fraud is a specialized area requiring knowledge of specific regulations and oversight mechanisms. Self-regulatory organizations (SROs) play an important role in the securities industry by establishing standards and rules for their members, but they typically operate under the oversight of government regulators rather than having sole authority.

This question tests your knowledge of Domain 1.

In the context of Overview of the Legal System, specifically relating to civil, the question asks about XYZ, BEST.

The correct answer is C: Counterclaim.

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 10.

In the context of Basic Principles of Evidence, specifically relating to privilege, the question asks about the core concepts in this area.

The correct answer is C: Fidelity insurance.

This question tests knowledge of evidence principles. The correct answer correctly distinguishes between types of evidence, admissibility requirements, or evidentiary privileges. Proper handling of evidence is crucial for successful fraud investigations and prosecutions.

This question tests your knowledge of Uncategorized.

the question asks about the core concepts in this area.

The correct answer is A: Counterclaim.

This question tests your understanding of key fraud examination concepts and legal principles.

This question tests your knowledge of Uncategorized.

the question asks about MOST ACCURATE, digital currencies, such as bitcoin, is MOST ACCURATE.

The correct answer is B: Digital currencies are attractive to money launderers because payments often cross jurisdictional boundaries, making it difficult for authorities to pursue enforcement.

This question tests your understanding of key fraud examination concepts and legal principles.