ACFE CFE-Law Exam Practice Test Instant Access

Question 1

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.

ATrue

BFalse

Answer : A

Question 2

Grant, a fraud examiner is investigating Beatrice for embezzlement on his employer's behalf. During his investigation. Grant learns that Beatrice has cheated on her spouse and he tells several of Beatrice's coworkers about it Beatrice discovers that Grant revealed the unflattering (albeit true) information about her and decides to file a claim of defamation against Grant. Which of the following is the BEST of why Beatrice will not win her defamation case?

AThe information was true

BThe communications to the subject's coworkers were privileged

CThe news was not communicated to enough people

DThe statement was not printed and distributed

Answer : A

Question 3

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

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

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

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

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

Answer : B

Question 4

Which of the following statements regarding civil lawsuits in most jurisdictions is CORRECT?

AThe plaintiffs initial filing does not typically need to contain a summary of the evidence

BCivil lawsuits begin with the filing of a pleading, usually in the jurisdiction in which the defendant resides or where the claim arose

CThe plaintiff's initial filing with the court does not typically need to include the specific facts on which the claim relies.

DAll of the above are correct

Answer : B

Question 5

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?

ACross-claim

BCollateral attack

CReversal

DCounterclaim

Answer : D

Question 6

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?

AOverstate revenues

BStructured deposits

CTrade-based laundering

DNone of re above

Answer : A

Question 7

The MAIN PURPOSE for maintaining the chain of custody on an item of evidence is to

AEstablish that the evidence has not been altered or changed from the time it was collected through its production in court

BVerify that the item of evidence has only been handled by court officials prior to its production m court.

Cevent opposing parties from accessing evidence without a court order

DEliminate re need to authenticate the item of evidence in court

Answer : A

ACFE CFE-Law Certified Fraud Examiner (CFE) - Law Exam Practice Test