ACFE CFE-Law Exam Questions - Real Practice Questions for Guaranteed Success

Question 1

Greg is serving as an expert witness and is being cross-examined at trial. The questioning party gets Greg to state that he spent considerable time working on a certain issue in the case. Then the questioning party asks many questions on a tangential issue in the case that Greg knows little about. Which of the following describes the questioning party's method?

AMyopic vision

BPersonal attack

CBias

DSounding board

Correct : A

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AMyopic vision

BPersonal attack

CBias

DSounding board

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Question 2

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

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

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

CA 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

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

Correct : A

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

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

CA 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

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

0 / 1500

Question 3

All of the following are methods of pretrial civil discovery commonly found in common law jurisdictions EXCEPT:

AAffidavits of documents or records

BWritten examinations

CInjunctions

DOral examinations

Correct : C

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AAffidavits of documents or records

BWritten examinations

CInjunctions

DOral examinations

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Question 4

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?

ADeclaratory relief

BCarnages

CEquitable relief

DInjunction

Correct : B

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ADeclaratory relief

BCarnages

CEquitable relief

DInjunction

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Question 5

Which of the following statements concerning money services businesses (MSBs) is INCORRECT?

AMSBs tend to have a tower money laundering risk than other financial institutions.

BMSBs are generally less strictly regulated than traditional financial institutions.

CA check cashing company is classified as an MSB.

DA currency exchange is classified as an MSB.

Correct : B

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AMSBs tend to have a tower money laundering risk than other financial institutions.

BMSBs are generally less strictly regulated than traditional financial institutions.

CA check cashing company is classified as an MSB.

DA currency exchange is classified as an MSB.

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Master ACFE CFE-Law Exam with Reliable Practice Questions

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