[Q58-Q80] Verified CFE-Law dumps Q&As - Pass Guarantee or Full Refund [Jan-2024] : IT certification exam materials : http://blog.dumpleader.com

QUESTION 58
Which of the following is the MOST ACCURATE statement about serf-regulatory organizations (SROs) in the securities industry?

An SRO generally has sole regulatory authority over the securities industry in the jurisdiction in which it operates

In most jurisdictions. SROs are prohibited from participating in the resolution of disputes related to securities transactions

An SRO is a governmental entity that exercises regulatory authority over the securities industry in its jurisdiction

In some jurisdictions SROs establish the standards and rules under which members of the securities industry operate

QUESTION 59
Which of the following statements regarding the qualifications of expert witnesses in most inquisitorial jurisdictions is CORRECT?

Certification in a specific field is always enough to qualify an expert

An excerpt is not qualified to testify unless all parties to the litigation approve

Experts are generally prohibited from serving as expert witnesses in multiple cases

The qualification of an expert is generally based on standardized requirements

QUESTION 60
Ellis works for a business that filed for bankruptcy. The administrator presiding over the bankruptcy contacts Ellis and requests information regarding his employer’s financial affairs Assuming the administrator has all of the powers recommended in the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes (World Bank Principles) which of the following is TRUE?

The administrator may only seek information regarding the bus ness that filed bankruptcy if Ellis consents to providing it.

The administrator has no power to obtain the information under any circumstances

The administrator may compel Ellis to provide the information despite Ellis’s relationship to the business

The administrator may not obtain the information unless the business agrees in writing

QUESTION 61
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?

Slander

Intrusion into Green’s private matters

Public disclosure of private facts

Conflict of interest

QUESTION 62
Each day, Rachel purchases $14 500 in bearer instruments with cash from a bank where all currency transactions above 515,000 must be reported to the government Rachets actions are a red flag of which of the following schemes’?

Channel stuffing

Alternative remittance system

Structuring

Real estate laundering

QUESTION 63
A business files for bankruptcy with the goal of obtaining relief from creditors so that it can rearrange its financial affairs and continue as a going concern. Which of the following describes this type of bankruptcy proceeding?

Reorganization bankruptcy

Debt adjustment bankruptcy

Debt dismissal bankruptcy

Liquidation bankruptcy

QUESTION 64
Which of the following statements concerning front businesses as a method of laundering money is the LEAST ACCURATE?

A red flag of a front business is the observation of a large number of customers during peak operating hours

Front businesses provide cover for delivery and transportation related to illegal activity

From criminals’ perspective a disadvantage to front businesses is that they generally must pay taxes on the illicit income

Front businesses benefit launderers by providing a safe place to manage criminal activities

QUESTION 65
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?

Purpose of the communications was to seek or provide legal advice

A lawsuit has been filed

Intent to keep the communications confidential

Communication between a legal advisor and a client

QUESTION 66
Which of the following, if available, would help an organization recover losses from an instance of internal fraud?

Privilege insurance

Customer liability policy

Fidelity insurance

Deposition

QUESTION 67
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:

May, but is not required to file a report of suspicious transactions related to possible money laundering with appropriate authorities

May not file a report of suspicious transactions related to potential criminal activity with appropriate authorities

Is required to file a report of suspicious transactions with appropriate authorities because the employees suspect money laundering violations

Is required to file a cash transaction report for possible criminal activity with appropriate authorities because cash was involved

QUESTION 68
In most countries employers must provide notice to their employees before they implement an employee monitoring program

True

False

QUESTION 69
Which of the following is NOT an element that must be proven to establish a penury offense?

The defendant made a false statement that was material

The defendant made a false statement white under oath.

The defendant made the statement with knowledge of its falsity

The defendant made a false statement in a court of law.

QUESTION 70
Which of the following scenarios is an example of the criminal sanction known as criminal forfeiture?

As part of his sentence for embezzlement, a defendant is ordered to pay back his employer for the money he stole.

As part of her sentence for bribery a defendant is ordered to transfer a car she received as a bribe to the government

As part of her sentence for money laundering a defendant is sentenced to a three- to five-year term of incarceration

As part of his sentence for tax evasion, a Defendant is ordered to pay a fine of $10,000 to the government

QUESTION 71
Which of the following is one of the three basic options by which organizations can legitimize cross-border transfers of personal information?

Use a third-party transferring service

Obtain approval from a Certified Information Privacy Professional (C PP)

Establish a contract between the entities exchanging the information

Obtain a warrant granting permission to transfer the data

QUESTION 72
Which of the following statements concerning examinations of expert witnesses in most inquisitorial jurisdictions is accurate?

The expert has the discretion to determine the scope of the examinations

The judge is not allowed to question the expert’s credibility under any circumstance

The parties determine the extent of consideration to be given to the expert’s testimony

The parties are often allowed to question the expert’s methods and analysis

QUESTION 73
In common law jurisdictions failing to suspend routine destruction of electronic data can result in sanctions for failure to preserve relevant evidence

True

False

QUESTION 74
Which of the following is a legal element that the government must show to prove a cnminal conspiracy?

One of the conspirators knowingly committed an oven act in furtherance of the conspiracy

The conspirators accomplished the purpose of the conspiracy that was initially established

The defendant knew all the details or objectives of the conspiracy

The defendant knew the identity of all the participants in the conspiracy

QUESTION 75
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?

Allison cannot be fired for misappropriating funds from her employer

Allison cannot be fired for any reason

Alison cannot be fired for informing the government of her employee’s fraud

None of the above

QUESTION 76
Which of the following statements regarding civil lawsuits in most jurisdictions is CORRECT?

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

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

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

All of the above are correct

QUESTION 77
The government filed a avil action against a politician for accepting real estate as a bribe. There is a possibility that the politician could transfer the real estate to a third party before the court enters a final judgment Which type of order should the government seek from the court to prevent the politician from transferring the real estate?

Preservation order

Declaratory relief

Prejudgment attachment

Litigation hold

QUESTION 78
Which of the following is NOT required for a contract transaction or scheme to be classified as an investment contract?

The expectation of making a profit

Profits derived solely from the investor’s management activity

investment m a common enterprise

An investment of money or other asset

QUESTION 79
Which of the following is an example of a trade-based money laundering scheme?

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

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

A 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

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

QUESTION 80
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?

The government relied on the false statement

The defendant knew the statement was false

The defendant made a false statement

The false statement was material