[Feb-2023] Dumps Practice Exam Questions Study Guide for the CFE-Law Exam
CFE-Law Dumps with Practice Exam Questions Answers
NEW QUESTION 24
To determine if a misrepresentation in the offer or sale of any securities is material a fraud examiner should answer which of the following questions?
- A. "Would a reasonable investor wish to know the information to make an informed decision?"
- B. "Did the person who made the representation believe that it was suitable for potential investors?"
- C. "Was the misrepresentation made by an authorized individual?"
- D. ''Did the person who made the representation intend to mislead potential investors?
Answer: A
NEW QUESTION 25
Which of the following scenarios is an example of the criminal sanction known as criminal forfeiture?
- A. As part of her sentence for money laundering a defendant is sentenced to a three- to five-year term of incarceration
- B. As part of her sentence for bribery a defendant is ordered to transfer a car she received as a bribe to the government
- C. As part of his sentence for tax evasion, a Defendant is ordered to pay a fine of $10,000 to the government
- D. As part of his sentence for embezzlement, a defendant is ordered to pay back his employer for the money he stole.
Answer: B
NEW QUESTION 26
Smith, a Certified Fraud Examiner (CFE). works for the ABC Company, a private entity that operates w\ a jurisdiction with civil laws for defamation, invasion of privacy. and conflict of interest Smith seizes and searches the personal smartphone of Green an employee of ABC even though Green was not suspected of any wrongdong Assuming that Green had a reasonable expectation of privacy in the smartphone and Smith conducted the search without a legitmate interest or authority, under which of the following claims would Green MOST LIKELY be able to recover damages against Smith?
- A. Intrusion into Green's private matters
- B. Conflict of interest
- C. Public disclosure of private facts
- D. Slander
Answer: A
NEW QUESTION 27
Which of the following typically does NOT have to be present for communications between an attorney and the attorney's client to be protected by a legal professional privilege?
- A. Communication between a legal advisor and a client
- B. Intent to keep the communications confidential
- C. Purpose of the communications was to seek or provide legal advice
- D. A lawsuit has been filed
Answer: D
NEW QUESTION 28
Evidence that tends to make some tact at issue more or less likely than it would be without the evidence is called:
- A. Relevant evidence
- B. Testamentary evidence
- C. Demonstrative evidence
- D. Circumstantial evidence
Answer: A
NEW QUESTION 29
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. Lose the case because janessa did not leave the interview
- B. Win the case if he did not know the conduct was illegal
- C. Lose the case if a trier of fact concludes that he restrained Janessa without consent or legal justification
- D. Win the case because he is protected under the qualified business privilege
Answer: C
NEW QUESTION 30
The Financial Action Task Force (FATF) Recommendations advise countries to do all of the following EXCEPT:
- A. Use a risk-based approach when setting anti-money laundering policies
- B. Enable authorities to trace freeze, and confiscate assets suspected in money laundering and terrorist financing
- C. Require financial institutions to monitor their customers' political affiliations.
- D. Require financial institutions to keep certain records and establish anti-money laundering policies.
Answer: C
NEW QUESTION 31
Company A sued Company B lo recover damages for 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?
- A. Collateral attack
- B. Cross-claim
- C. Reversal
- D. Counterclaim
Answer: D
NEW QUESTION 32
Which of the following statements is TRUE regarding criminal proceedings and discovery in adversarial jurisdictions?
- A. The judge is the primary driver of the discovery process in criminal proceedings.
- B. Parties typically cannot request evidence from each other until after the trial begins.
- C. The majority of criminal discovery usually occurs before the trial begins.
- D. Most criminal proceedings are divided into pretrial, investigative and trial phases
Answer: A
NEW QUESTION 33
Which of the following is generally NOT one of the goals of deferred prosecution agreements?
- A. To postpone prosecution until a company conducts an extensive internal investigation
- B. To get an organization to reform its policies
- C. To allow prosecutors to resolve a case while still punishing malfeasance
- D. To reduce the risk of illegal practices at an organization
Answer: A
NEW QUESTION 34
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 35
Which of the following is the MOST ACCURATE statement about serf-regulatory organizations (SROs) in the securities industry?
- A. An SRO generally has sole regulatory authority over the securities industry in the jurisdiction in which it operates
- B. An SRO is a governmental entity that exercises regulatory authority over the securities industry in its jurisdiction
- C. In some jurisdictions SROs establish the standards and rules under which members of the securities industry operate
- D. In most jurisdictions. SROs are prohibited from participating in the resolution of disputes related to securities transactions
Answer: C
NEW QUESTION 36
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?
- A. Equitable relief
- B. Declaratory relief
- C. Carnages
- D. Injunction
Answer: C
NEW QUESTION 37
In most civil law systems, the burden of proof for the government to convict a defendant in a criminal case is beyond a reasonable doubt.
- A. True
- B. False
Answer: B
NEW QUESTION 38
Which of the following statements concerning civil trials in common law jurisdictions is MOST ACCURATE?
- A. in most civil cases, the standard of proof is the preponderance of the evidence
- B. Jury verdicts m civil trials must always be unanimous
- C. Neither side may appeal an adverse judgment in a civil case
- D. Civil jury trials must have the same number of jurors as in criminal jury trials.
Answer: B
NEW QUESTION 39
During a trial in an adversarial system an attorney calls an expert witness to the stand and asks "Could you please describe the procedures you performed in your examination?'' Based on this question, which type of testimony is MOST LIKELY being presented'?
- A. Impeachment
- B. Direct exam Ml mi
- C. Request for admission
- D. Cross-examination
Answer: B
NEW QUESTION 40
All of the following are methods of pretrial civil discovery commonly found in common law jurisdictions EXCEPT:
- A. Affidavits of documents or records
- B. Written examinations
- C. Oral examinations
- D. Injunctions
Answer: D
NEW QUESTION 41
Which of the following is NOT an element generally required to establish a claim alleging the common law avil wrong for intentional infliction of emotional distress?
- A. The defendant engaged in extreme and outrageous conduct
- B. The victim suffered distress as a result of the defendants conduct
- C. The defendant acted intentionally or recklessly
- D. The victim was an employee of the defendant
Answer: D
NEW QUESTION 42
The same customer comes into a casino each day and deposits a large amount of cash into an account but after very little gambling the customer withdraws the funds The casino employees suspect that the customer may be engaged in money laundering activity Assuming that the anti-money laundering (AML) regulations that govern the casino's activities correspond to the Financial Action Task Force (FATF) Recommendations the casino:
- A. May not file a report of suspicious transactions related to potential criminal activity with appropriate authorities
- B. Is required to file a report of suspicious transactions with appropriate authorities because the employees suspect money laundering violations
- C. May, but is not required to file a report of suspicious transactions related to possible money laundering with appropriate authorities
- D. Is required to file a cash transaction report for possible criminal activity with appropriate authorities because cash was involved
Answer: B
NEW QUESTION 43
In common law jurisdictions failing to suspend routine destruction of electronic data can result in sanctions for failure to preserve relevant evidence
- A. True
- B. False
Answer: B
NEW QUESTION 44
Which of the following can affect the rights that employees may have during an internal investigation?
- A. Existence of violation red flags
- B. Existence of interstate compacts
- C. Existence of an employment contract
- D. Existence of fraud risk factors
Answer: C
NEW QUESTION 45
Which of the following statements about the International Organization of Securities Commissions (IOSCO) s TRUE?
- A. IOSCO is recognized as the international standard-setter for securities markets
- B. IOSCO is an oversight body responsible for issuing and enforcing regulations that govern all international securities markets
- C. IOSCO is a self-regulatory organization for companies that have securities traded on international securities markets
- D. IOSCO provides a forum for regular cooperation on banking supervisory matters affecting developing nations
Answer: A
NEW QUESTION 46
Which of the following is NOT one of the elements that the government must prove to establish a violation of a law criminalizing false statements to government agencies?
- A. The government relied on the false statement
- B. The defendant made a false statement
- C. The defendant knew the statement was false
- D. The false statement was material
Answer: A
NEW QUESTION 47
Ethan a U S resident, is running a Ponzi scheme As part of the scheme, he uses the U S mail system to send promotional materials to potential victims in France If the US government decides to prosecute Ethan, which of the following would provide the MOST LIKELY basis for the charges?
- A. Wire fraud
- B. Insider trading fraud
- C. Communications fraud
- D. Mail fraud
Answer: D
NEW QUESTION 48
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