ACFE Updated CFE-Law Exam Questions and Answers by ernest

This question tests your knowledge of Uncategorized.

the question asks about the core concepts in this area.

The correct answer is A: True.

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

This question tests your knowledge of Domain 2.

In the context of The Law Related to Fraud, specifically relating to corruption, bribery, the question asks about MOST ACCURATE, UK, the UK Bribery Act.

The correct answer is B: Even if an organization's anti-corruption program complies with the FCPA, it might not be sufficient for the purpose of complying with the UK Bribery Act.

This question addresses fraud-related laws. The correct answer identifies the proper legal concept or violation that applies in the described scenario. Fraud examiners must understand these legal principles to properly identify and address fraudulent activities.

This question tests your knowledge of Domain 1.

In the context of Overview of the Legal System, specifically relating to inquisitorial, the question asks about the qualifications of expert witnesses in most inquisitorial jurisdictions is CORRECT, CORRECT.

The correct answer is D: The qualification of an expert is generally based on standardized requirements.

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. In adversarial systems, opposing parties present their cases before a neutral judge or jury, while in inquisitorial systems, judges take a more active role in investigating cases. Expert witnesses provide specialized knowledge to help the fact finder understand complex issues. Their testimony must be relevant, reliable, and based on sufficient facts or data.

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 FATF.

The correct answer is A: Use a risk-based approach when creating and establishing their anti-money laundering policies..

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.