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ACFE CFE-Law Certification Exam consists of four sections: Fraud Prevention and Deterrence, Financial Transactions and Fraud Schemes, Investigation, and Legal Elements of Fraud. CFE-Law exam comprises of 500 multiple-choice questions and is administered over a four-hour time frame. Candidates must pass the exam with a minimum score of 75% in order to obtain the certification. Certified Fraud Examiner certification demonstrates that the individual has the necessary skills and knowledge to identify, investigate, and prevent fraud in a wide range of industries and settings. It is a valuable credential for professionals who are looking to advance their careers in the field of fraud examination, and for organizations that are looking to hire qualified and certified fraud examiners.
NEW QUESTION # 13
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. Laws and regulations covering e-commerce
- B. Consumer data protection laws
- C. Public health and safety regulations
- D. Laws and regulations related to public subsidies licenses, and contract procurement
Answer: D
NEW QUESTION # 14
Jackson believes he has a legal cause of action against Alice, who lives in a foreign country. The fact that Jackson is the plaintiff allows him to bring the lawsuit against Alice in any court in the country where he lives.
- A. True
- B. False
Answer: A
NEW QUESTION # 15
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 # 16
Which of the following is NOT an element that must be proven to establish a penury offense?
- A. The defendant made a false statement white under oath.
- B. The defendant made a false statement in a court of law.
- C. The defendant made a false statement that was material
- D. The defendant made the statement with knowledge of its falsity
Answer: B
NEW QUESTION # 17
Which of the following examples of judicial systems would BEST be described as a civil law system?
- A. The courts are bound by codified principles or statures but are not bound by previous court decisions
- B. The courts are bound primarily by previous court decisions to reserve legal issues
- C. The courts are bound by both previous court decisions and codified principles or statutes
- D. The courts are allowed to consider both codified statutes and previous court decisions but are bound by neither
Answer: A
NEW QUESTION # 18
During an internal investigation Todd a Certified Fraud Examiner (CFE) interviewed Janessa a fraud suspect Although Janessa wanted to leave in the middle of the interview, Todd blocked the exit and prevented her from leaving Janessa subsequently confessed to committing fraud If under these facts Janessa files a lawsuit (or false imprisonment against Todd, Todd will likely
- A. Win the case because he is protected under the qualified business privilege
- B. Win the case if he did not know the conduct was illegal
- C. Lose the case because janessa did not leave the interview
- D. Lose the case if a trier of fact concludes that he restrained Janessa without consent or legal justification
Answer: D
NEW QUESTION # 19
Which of the following, if available, would help an organization recover losses from an instance of internal fraud?
- A. Deposition
- B. Privilege insurance
- C. Fidelity insurance
- D. Customer liability policy
Answer: C
NEW QUESTION # 20
Which of the following statements concerning fact finders in criminal trials in common law jurisdictions is MOST ACCURATE?
- A. A judge is typically responsible for factual findings
- B. Juries usually serve as the fact finder in serious cases
- C. A panel of a professional judge and lay judges usually serves as the fact finder in serious cases
- D. The presence of a jury is always required to make factual findings in a common law criminal trial
Answer: A
NEW QUESTION # 21
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 # 22
In jurisdictions that allow for corporate criminal liability which of the following is typically required for the corporation to be vicariously liable for the acts of one of its employees?
- A. Management knew of the underlying offense but did not correct it
- B. Management was directly involved with the offense
- C. The employee was acting within the scope of their employment
- D. The corporation had previous violations of a similar nature
Answer: C
NEW QUESTION # 23
Which of the following statements concerning examinations of expert witnesses in most inquisitorial jurisdictions is accurate?
- A. The parties determine the extent of consideration to be given to the expert's testimony
- B. The judge is not allowed to question the expert's credibility under any circumstance
- C. The expert has the discretion to determine the scope of the examinations
- D. The parties are often allowed to question the expert's methods and analysis
Answer: D
NEW QUESTION # 24
Which of the following statements concerning judgments involving parties in multiple jurisdictions is MOST ACCURATE?
- A. Whether a foreign judgment is enforceable might depend on whether the two jurisdiction have an enforcement treaty
- B. If a party obtains a judgment in one jurisdiction, that party will automatically be able to enforce the judgment wherever the defendant resides
- C. If a party obtains a judgment in one jurisdiction, that party will automatically be able to enforce the judgment in any jurisdiction
- D. Whether a foreign judgment is enforceable always depends on where the defendant's assets are located
Answer: A
NEW QUESTION # 25
Which of the following schemes involves disguising money from illegal nonbusiness sources by recording more income on a business's books than the business actually generates?
- A. Structured deposits
- B. Trade-based laundering
- C. None of re above
- D. Overstate revenues
Answer: D
NEW QUESTION # 26
Which of the following is NOT a requirement of the European Union's (EU) General Data Protection Regulation (GDPR)?
- A. An organization generally must notify all affected data subjects without undue delay when a high-risk data breach occurs
- B. An organization must have a documented lawful basis for collecting or processing personal data.
- C. An organization must delete a data subject's personal data automatically when the data are no longer m use.
- D. An organization must confirm or deny that it possesses a data subject's personal data upon that individual's request
Answer: B
NEW QUESTION # 27
Which of the following is the MOST ACCURATE statement about the different types of alternative dispute resolution'?
- A. In an arbitration proceeding the arbitrator acts as a judge or jury by deciding the dispute at issue on its merits
- B. In a mediation session, the mediator decides who should win the dispute at issue
- C. The agreements reached in mediations are generally nonbinding.
- D. The decisions reached in all arbitrations are always binding
Answer: D
NEW QUESTION # 28
Davis is an employee at Waccamaw Homeplace a publicly traded corporation Davis knows that Waccamaw is about to publicly announce a new joint venture project in China, so he buys shares of Waccamaw stock Assuming that his conduct was illegal m the jurisdiction in which he works and resides, what type of crime did Davis MOST LIKELY commit?
- A. Churning
- B. Insider trading
- C. Futures fraud
- D. Trading on margin
Answer: B
NEW QUESTION # 29
Allison works for a government contractor She informs the government that her employer has been submitting false claims to the government for payment Later it is discovered that Allison has misappropriated more than
$50,000 of her employer's money Alison qualifies as a whistleblower entitled to anti-retaliation protection under the law because of her report to the government Which of the following statements about Allison is CORRECT?
- A. Allison cannot be fired for any reason
- B. Allison cannot be fired for misappropriating funds from her employer
- C. Alison cannot be fired for informing the government of her employee's fraud
- D. None of the above
Answer: C
NEW QUESTION # 30
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ACFE CFE-Law certification is a valuable credential for legal professionals looking to specialize in fraud examination and detection. Certified Fraud Examiner certification exam is rigorous and comprehensive, covering various topics related to fraud examination, and is a great way to demonstrate expertise in the field. Obtaining the CFE-Law certification can lead to numerous benefits, including better job opportunities, higher salaries, and access to valuable resources and training opportunities.
ACFE CFE-Law certification is a specialized certification that demonstrates expertise in the prevention, detection, and investigation of fraud within the legal and regulatory environment. Certified Fraud Examiner certification is designed for professionals who work in the legal and regulatory fields and want to specialize in fraud prevention and detection. To obtain the certification, candidates must meet eligibility requirements and pass a rigorous exam covering fraud prevention and deterrence, financial transactions and fraud schemes, investigation, and legal elements of fraud.
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