CFE-Law Certified Fraud Examiner (CFE) - Law Questions and Answers

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

MSBs are generally less strictly regulated than traditional financial institutions.

A check cashing company is classified as an MSB.

A currency exchange is classified as an MSB.

The systems are not necessarily illegal.

Funds are sent and received without the use of traditional financial institutions.

The systems are characterized by a lack of physical or digital transfer of currency between payers and payees.

The ledgers used typically contain information regarding payers and payees, such as names and account numbers.

Forged filing

A planned bustcut

A credit card bustout

Concealment of assets

Whether a foreign judgment is enforceable always depends on where the defendant's assets are located

If a party obtains a judgment in one jurisdiction, that party will automatically be able to enforce the judgment in any jurisdiction

If a party obtains a judgment in one jurisdiction, that party will automatically be able to enforce the judgment wherever the defendant resides

Whether a foreign judgment is enforceable might depend on whether the two jurisdiction have an enforcement treaty

Has a keen ability to observe

Made poor consistent statements

Testified from personal knowledge

Is influenced by bias or self-interest

Use a risk-based approach when setting anti-money laundering policies

Require financial institutions to keep certain records and establish anti-money laundering policies.

Require financial institutions to monitor their customers' political affiliations.

Enable authorities to trace freeze, and confiscate assets suspected in money laundering and terrorist financing

Circumstantial evidence

Testamentary evidence

Demonstrative evidence

Relevant evidence

Win the case because he is protected under the qualified business privilege

Lose the case if a trier of fact concludes that he restrained Janessa without consent or legal justification

Lose the case because janessa did not leave the interview

Win the case if he did not know the conduct was illegal

Counterclaim

Collateral attack

Reversal

Cross-claim

A tax credit evasion scheme

A value-added tax evasion scheme

An excise tax evasion scheme

An income and wealth tax evasion scheme

A diagram is used to display the location of the store's registers

A witness testifies that they saw the defendant take the money

A witness testifies that the defendant was almost always the last cashier to leave the store

A coworker testifies that the defendant was acting nervously the day the money was taken

Obstruction of justice

Fraudulent misrepresentation

Conspiracy to influence the court

Judicial extortion