Free ACFE CFE-Law Practice Test & Real Exam Questions, Page 7

Question #67

Which of the following statements concerning fact finders in criminal trials in common law jurisdictions is MOST ACCURATE?

A. A panel of a professional judge and lay judges usually serves as the fact finder in serious cases

B. A judge is typically responsible for factual findings

C. Juries usually serve as the fact finder in serious cases

D. The presence of a jury is always required to make factual findings in a common law criminal trial

Discussion 0

Correct Answer: B Vote an answer

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Question #68

A prosecutor filed criminal charges against Rosa calming that she stole Juan ' s personal information and sold his identity on the dark web Juan wants to file a civil lawsuit against Rosa to recover damages arising from the identity theft Can Juan file the civil action before the criminal action against Rosa is completed?

A. Yes, the civil action can be filed if the jurisdiction permits analogous cairns.

B. No, the civil action cannot be filed if the jurisdiction prohibits double jeopardy.

C. Yes, the civil action can be filed if the jurisdiction permits parallel proceedings.

D. No, the civil action cannot be filed if the jurisdiction prohibits counterclaims.

Discussion 0

Correct Answer: C Vote an answer

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Question #69

Bob receives a memorandum from his attorney that is protected by a legal professional privilege Bob emails the memorandum to a third party who has no need to know the information in the memorandum Which of the following statements is MOST ACCURATE?

A. Bob might have waived the privilege because he transmitted the protected information to a third party who has no need to know the information

B. Bob did not waive the privilege because the legal professional privilege cannot be waived by transmitting protected information to a third party

C. Bob might have waived the privilege because he used email to transmit the protected information.

D. Bob did not walve the privilege because the legal professional privilege belongs to the attorney, not the client

Discussion 0

Correct Answer: A Vote an answer

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Question #70

Which of the following is a red flag that might be indicative of an entity operating a security business without the proper license or registration?

A. The entity is known to have a history of regulatory problems.

B. There are justified gaps in the work history of promoters at the entity.

C. There is a lack of customer complaints against the entity.

D. The entity ' s website contains detailed background information.

Discussion 0

Correct Answer: A Vote an answer

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Question #71

Under the World Bank Principles for Effective Insolvency and Credit/Debtor Regimes (World Bank Principles), which of the following parties should administer the debtor ' s estate in liquidation bankruptcy proceedings?

A. The debtor, supervised by an independent insolvency representative

B. The creditor with the largest claim against the debtor

C. An independent insolvency representative

D. The jurisdiction ' s commerce department or equivalent agency

Discussion 0

Correct Answer: C Vote an answer

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Question #72

The Organisation for Economic Co-operation and Developments (OECD) Recommendation on Combating Bribery m International Business (Recommendation) urges member states to combat the bribery of foreign public officials by taking steps to improve which of the following primary areas within their respective infrastructures?

A. Consumer data protection laws

B. Laws and regulations covering e-commerce

C. Public health and safety regulations

D. Laws and regulations related to public subsidies licenses, and contract procurement

Discussion 0

Correct Answer: D Vote an answer

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Question #73

Frederick has multiple high-volume foreign bank accounts. The country he lives in requires him to report such accounts annually for tax purposes but he regularly and intentionally fails to report his accounts in order to reduce the amount of taxes he must pay. Which of the following schemes has Frederick MOST LIKELY committed?

A. A value-added tax evasion scheme

B. An excise tax evasion scheme

C. A tax credit evasion scheme

D. An income and wealth tax evasion scheme

Discussion 0

Correct Answer: D Vote an answer

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Question #74

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

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

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

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

Discussion 0

Correct Answer: C Vote an answer

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Question #75

Which of the following is most likely to affect the rights that an employee may have during an internal investigation?

A. Whether the employee has signed a union contract

B. Whether the employee has signed a noncompetition agreement

C. The length of the employee ' s tenure at the organization

D. The likelihood of the employee ' s guilt or innocence

Discussion 0

Correct Answer: A Vote an answer

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Question #76

Which of the following is a red flag that an entity is operating a security business without the proper license or registration?

A. There is an unexplained absence of customer complaints against the entity.

B. There are justified gaps in the work history of promoters at the entity

C. The agents working at the entity have criminal records.

D. The entity ' s website contains detailed background information.

Discussion 0

Correct Answer: C Vote an answer

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Question #77

Which of the following is the MOST ACCURATE statement about the litigation privilege in common law jurisdictions?

A. The litigation privilege only protects documents and materials prepared by an attorney

B. The litigation privilege applies only to documents and materials prepared in anticipation of litigation

C. The litigation privilege applies only while a trial is underway

D. The primary purpose of the litigation privilege is to protect confidential communications between a client and the client ' s legal representative

Discussion 0

Correct Answer: D Vote an answer

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