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ACFCS CFCS Dumps Questions Answers

Exam Code:
CFCS
Last Update: May 21, 2026
175 Questions Detail
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CFCS Q&A's Detail

Exam Code:
CFCS
Total Questions:
175 Q&A's
Single Choice Questions:
149 Q&A's
Multiple Choice Questions:
26 Q&A's

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All Certified Financial Crime Specialist Related Certification Exams

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Financial Crime SpecialistExam Questions and Answers

Questions 1

InvestPlus was a securities trading firm that purportedly specialized in high-risk high-reward investment opportunities in developing countries. InvestPlus was losing money on many of its products and began to take funds from new clients to repay earlier investors. The scheme was eventually revealed and InvestPlus collapsed leaving behind numerous defrauded investors InvestPlus is now bankrupt.

A group of investors who lost money has hired your law firm to recover assets InvestPlus had complex holdings and investments in many different countries worldwide Without access to the company s financial records it has been difficult to trace them. The owners of InvestPlus reaped substantial profits but led lavish lifestyles and are thought to have burned through most of their assets.

Which is the BEST way your firm could pursue recovery of damages?

Options:

A.

File mutual legal assistance treaty requests in the jurisdictions where InvestPlus is thought to have assets

B.

Contact other defrauded investors to see if they have further information on the location of recoverable assets

C.

Investigate whether third parties have facilitated the scheme and, if so, pursue legal action against them

D.

Request a summons for the owners of InvestPlus to provide testimony on their financial status

Questions 2

An account is opened for Restaurant A at your bank Jim Smith and Peter Sparks are co-owners of the restaurant, which is located in Odessa Ukraine Peter Sparks is a foreign politically exposed person affiliate because his brother, Steve Sparks is a senior government official.

Which two actions are required for anti-money laundering compliance? Choose 2 answers

Options:

A.

Monitor Jim Smith's personal transactions

B.

Monitor personal transactions by Steve Sparks

C.

Conduct due diligence and/or background check on Peter Sparks

D.

Monitor transactions of the restaurant

Questions 3

Which actions have led to penalties or violations of sanctions regimes overseen by the Office of Foreign Assets Control (OFAC)? Choose 2 answers

Options:

A.

Stripping wire transfer information to conceal customer information

B.

Failing to search customers against the sanctions list

C.

Conducting transactions with high-risk individuals

D.

Conducting transactions with entities that have been removed from the sanctions list

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