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CFE-LAW Real Exam Questions

Certified Fraud Examiner - LAW

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Question 1 Single choice

Greg is serving as an expert witness and is being cross-examined at trial. The questioning party gets Greg to state that he spent considerable time working on a certain issue in the case. Then, the questioning party asks many questions on a tangential issue in the case that Greg knows little about.

Which of the following describes the questioning party's method?

  1. A

    Myopic vision

  2. B

    Personal attack

  3. C

    Bias

  4. D

    Sounding board

Show answer and explanation

Correct answer: C

Question 2 Single choice

All of the following are methods of pretrial civil discovery commonly found in common law jurisdictions EXCEPT:

  1. A

    Oral examinations

  2. B

    Injunctions

  3. C

    Affidavits of documents or records

  4. D

    Written examinations

Show answer and explanation

Correct answer: C

Question 3 Single choice

Which of the following is generally NOT one of the goals of deferred prosecution agreements?

  1. A

    To get an organization to reform its policies

  2. B

    To postpone prosecution until a company conducts an extensive internal investigation

  3. C

    To allow prosecutors to resolve a case while still punishing malfeasance

  4. D

    To reduce the risk of illegal practices at an organization

Show answer and explanation

Correct answer: C

Question 4 Single choice

In a particular country's judicial process, the judge oversees the investigation of a case, is primarily responsible for questioning witnesses, and generally plays a larger role in the evidence-gathering process than the parties' legal counsel.

Which of the following best describes this type of judicial process?

  1. A

    Substantive law process

  2. B

    Common law process

  3. C

    Inquisitorial process

  4. D

    Adversarial process

Show answer and explanation

Correct answer: C

Question 5 Single choice

The Financial Action Task Force (FATF) Recommendations state that a financial institution's customer due diligence (CDD) procedures should include continued monitoring of a customer's business relationships and transactions.

  1. A

    True

  2. B

    False

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Correct answer: A

Question 6 Single choice

Which of the following statements concerning judgments involving parties in multiple jurisdictions is MOST ACCURATE?

  1. A

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

    judgment wherever the defendant resides.

  2. B

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

    judgment in any jurisdiction.

  3. C

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

  4. D

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

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Correct answer: D

Question 7 Single choice

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

  1. A

    Obtain a warrant granting permission to transfer the data.

  2. B

    Obtain approval from a Certified Information Privacy Professional (CIPP).

  3. C

    Use a third-party transferring service.

  4. D

    Establish a contract between the entities exchanging the information.

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Correct answer: B

Question 8 Single choice

Nora, a health care provider, is convicted of health care fraud in criminal court. After her conviction, the national health agency begins a proceeding to prohibit Nora from seeking reimbursement from government health care programs for five years.

Which type of administrative penalty is the national health agency seeking?

  1. A

    License revocation

  2. B

    License suspension

  3. C

    Disenfranchisement

  4. D

    Debarment

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Correct answer: D

Question 9 Single choice

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

  1. A

    The jurisdiction's commerce department or equivalent agency

  2. B

    An independent insolvency representative

  3. C

    The debtor, supervised by an independent insolvency representative

  4. D

    The creditor with the largest claim against the debtor

Show answer and explanation

Correct answer: B

Question 10 Single choice

Which of the following is the MOST ACCURATE statement about the UK Bribery Act?

  1. A

    The UK Bribery Act only exercises jurisdiction over individuals and corporate entities for acts of corruption when the offense occurs outside the United Kingdom.

  2. B

    Unlike the FCPA, the UK Bribery Act makes it a crime to bribe a foreign public official in connection with international business transactions.

  3. C

    Even if an organization's anti-corruption program complies with the FCPA, it might not be sufficient for the purpose of complying with the UK Bribery Act.

  4. D

    Like the FCPA, the UK Bribery Act contains an explicit exception for facilitating payments.

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Correct answer: B