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Latest ACFE CFE-Law Practice Questions BY Walsh

W Uploaded by Walsh 16-Oct-2026 Verified by Experts Based on Latest Exam Syllabus
Question 1

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

  • A. The entity's website contains detailed background information.
  • B. There is an unexplained absence of customer complaints against the entity.
  • C. There are justified gaps in the work history of promoters at the entity
  • D. The agents working at the entity have criminal records.
Question 2

Which of the following is an example of a trade-based money laundering scheme?

  • A. An importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally
  • B. An accountant overstates a restaurants revenues to hide illegal funds that are secretly laundered through the business
  • C. A drug cartel outside of the United States launders illicit funds by hiring runners to deposit small amounts of money in bank accounts throughout the United States
  • D. A businessperson deposits illicit funds into the bank account of a company they secretly own which then lends the funds back to them
Latest ACFE CFE-Law Practice Questions BY Walsh
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