Get Oct-2022 Dumps to Pass your CFE-Law Exam with 100% Real Questions and Answers
Updated Exam CFE-Law Dumps with New Questions
NEW QUESTION 61
The________________requires that an employee act solely in the best interest of their employer, free of any serf-dealing, conflicts of interest, or other abuse that results in a personal advantage
- A. Duty of responsibility
- B. Duty of care
- C. Duty of employee trust
- D. Duty of loyalty
Answer: D
NEW QUESTION 62
Which of the following, if available, would help an organization recover losses from an instance of internal fraud?
- A. Fidelity insurance
- B. Privilege insurance
- C. Customer liability policy
- D. Deposition
Answer: A
NEW QUESTION 63
Which of the following is the MOST ACCURATE statement about serf-regulatory organizations (SROs) in the securities industry?
- A. In some jurisdictions SROs establish the standards and rules under which members of the securities industry operate
- B. An SRO is a governmental entity that exercises regulatory authority over the securities industry in its jurisdiction
- C. An SRO generally has sole regulatory authority over the securities industry in the jurisdiction in which it operates
- D. In most jurisdictions. SROs are prohibited from participating in the resolution of disputes related to securities transactions
Answer: A
NEW QUESTION 64
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. Laws and regulations related to public subsidies licenses, and contract procurement
- D. Public health and safety regulations
Answer: C
NEW QUESTION 65
Which of the following is NOT a right of the accused under the United Nations' (UN) International Covenant on Civil and Political Rights (ICCPR)?
- A. Right of the accused to be informed of criminal charges
- B. Right to a trial by jury
- C. Right to be presumed innocent until proven guilty
- D. Freedom from arbitrary arrests
Answer: B
NEW QUESTION 66
Jackson believes he has a legal cause of action against Alice, who lives in a foreign country. The fact that Jackson is the plaintiff allows him to bring the lawsuit against Alice in any court in the country where he lives.
- A. False
- B. True
Answer: B
NEW QUESTION 67
Before her criminal trial for embezzlement Monique contacts witnesses against her and offers to pay them if they change their stories Based on her actions the government would MOST LIKELY bring additional charges against Monique for:
- A. Obstruction of justice
- B. Judicial extortion
- C. Fraudulent misrepresentation
- D. Conspiracy to influence the court
Answer: A
NEW QUESTION 68
Which of the following is the MOST ACCURATE statement about the different types of alternative dispute resolution'?
- A. The agreements reached in mediations are generally nonbinding.
- B. The decisions reached in all arbitrations are always binding
- C. In a mediation session, the mediator decides who should win the dispute at issue
- D. In an arbitration proceeding the arbitrator acts as a judge or jury by deciding the dispute at issue on its merits
Answer: B
NEW QUESTION 69
All of the following are common legal defenses for tax evasion EXCEPT:
- A. Death of the taxpayer
- B. The actions were tax avoidance not tax evasion
- C. Mental illness of the taxpayer
- D. The taxpayer s reliance on an attorney or accountant
Answer: A
NEW QUESTION 70
In most civil law systems, the burden of proof for the government to convict a defendant in a criminal case is beyond a reasonable doubt.
- A. False
- B. True
Answer: A
NEW QUESTION 71
During an internal investigation Todd a Certified Fraud Examiner (CFE) interviewed Janessa a fraud suspect Although Janessa wanted to leave in the middle of the interview, Todd blocked the exit and prevented her from leaving Janessa subsequently confessed to committing fraud If under these facts Janessa files a lawsuit (or false imprisonment against Todd, Todd will likely
- A. Win the case because he is protected under the qualified business privilege
- B. Lose the case if a trier of fact concludes that he restrained Janessa without consent or legal justification
- C. Lose the case because janessa did not leave the interview
- D. Win the case if he did not know the conduct was illegal
Answer: B
NEW QUESTION 72
Which of the following schemes involves disguising money from illegal nonbusiness sources by recording more income on a business's books than the business actually generates?
- A. None of re above
- B. Structured deposits
- C. Overstate revenues
- D. Trade-based laundering
Answer: C
NEW QUESTION 73
Even if a government agent obtains consent to search by force duress or bribery, the consent will still constitute a valid waiver of the consenting party's right to be free from searches.
- A. true
- B. False
Answer: B
NEW QUESTION 74
IBC Manufacturing is a private company in a jurisdiction in which the public has the legal right to be free from unreasonable search and seizure by government authorities. An investigator at IBC searches the desk of Denise an IBC employee and finds illegal narcotics. The investigator seizes the narcotics and turns them over to members of law enforcement. The investigator violated Denises rights by failing to obtain a search warrant before conducting the search
- A. False
- B. True
Answer: B
NEW QUESTION 75
Raj is an employee who works in a jurisdiction that prohibits unreasonable workplace searches and surveillance in areas or items where employees have a reasonable expectation of privacy. In which of the following is Raj MOST LIKELY to have a reasonable expectation of privacy?
- A. A filing cabinet in the office lobby
- B. A company-issued tablet computer
- C. A waste bin m the employee's office
- D. A backpack brought from home
Answer: D
NEW QUESTION 76
Ramona is investigating Eugene for misconduct Ramona and Eugene both work for Elek-Tek, which operates in a jurisdiction with evil laws for defamation, invasion of privacy and conflict of interest During the investigation Ramona obtained ^formation that Eugene is cheating on his spouse Ramona to a large group of Elek-Tek employees that Eugene was committing adultery, which turned out to be true Which cause of action would give Eugene the BEST chance for success m a civil suit against Ramona?
- A. Slander
- B. Conflict of interest
- C. Defamation
- D. Public disclosure of private facts
Answer: D
NEW QUESTION 77
The MAIN PURPOSE for maintaining the chain of custody on an item of evidence is to
- A. Eliminate re need to authenticate the item of evidence in court
- B. event opposing parties from accessing evidence without a court order
- C. Establish that the evidence has not been altered or changed from the time it was collected through its production in court
- D. Verify that the item of evidence has only been handled by court officials prior to its production m court.
Answer: C
NEW QUESTION 78
Which of the following describes the purpose of an expert witness testimony at trial?
- A. To offer an opinion as to a party's guilt or innocence
- B. To give an opinion when the fact finder needs specialized knowledge
- C. None of the above
- D. To give a firsthand account of the fads of the case on the record
Answer: B
NEW QUESTION 79
Cory has been charged with lax evasion for filing a false tax return. As a defense, Cory claims that he made an honest mistake due to the tax law's complexity, and he did not intentionally submit an incorrect tax return If the court finds that his mistake was in good faith the most likely will NOT be found to have "willfully'" engaged m fraudulent actions to avoid reporting or paying his taxes.
- A. False
- B. True
Answer: B
NEW QUESTION 80
Tatiana is the chief executive officer (CEO) of Mattress World Warehouse, a retail mattress store that has been struggling financially A week before Mattress World Warehouse files for bankruptcy Tatiana sets ten mattresses to her husband at 80% below market value Which type of fraud scheme has Tatiana MOST LIKELY committed?
- A. A fraudulent bankruptcy
- B. A fraudulent conveyance
- C. A concealed transfer
- D. A planned bustout
Answer: C
NEW QUESTION 81
Which of the following is the MOST ACCURATE statement about rules prohibiting securities broker-dealers from making unsuitable recommendations on investments or investment strategies?
- A. A suitability violation occurs when a broker enters into transactions and manages a client's account for the purpose of generating excessive commissions
- B. A suitability violation occurs when a broker trades in a client's account without obtaining prior approval for making the transaction(s).
- C. A suitability violation occurs when a broker does not carry out a trade requested by or promised to a customer
- D. A suitability violation occurs when a broker recommends an investment or investment strategy that is inconsistent with the client's objectives
Answer: A
NEW QUESTION 82
Which of the following is NOT required for a contract transaction or scheme to be classified as an investment contract?
- A. An investment of money or other asset
- B. The expectation of making a profit
- C. investment m a common enterprise
- D. Profits derived solely from the investor's management activity
Answer: D
NEW QUESTION 83
Which of the following is TRUE in regard to authenticating evidence in most common law systems?
- A. Exhibits that cannot be authenticated will not be admitted regardless of relevance
- B. For evidence to be authenticated it must be reviewed and voted on by a jury
- C. Digital records cannot be authenticated by testimony from a witness with personal knowledge
- D. The purpose of authentication is to ensure that hearsay is not admitted into evidence
Answer: D
NEW QUESTION 84
The Financial Action Task Force (FATF) Recommendations slate that a financial institution s customer due diligence (COD) procedures should include continued monitoring of a customer's business relationships and transactions.
- A. False
- B. True
Answer: B
NEW QUESTION 85
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 tax credit evasion scheme
- B. A value-added tax evasion scheme
- C. An excise tax evasion scheme
- D. An income and wealth tax evasion scheme
Answer: D
NEW QUESTION 86
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