Certified Fraud Examiner - Law

Here you have the best ACFE CFE - Law practice exam questions

You have 144 total questions to study from
Each page has 5 questions, making a total of 29 pages
You can navigate through the pages using the buttons at the bottom
This questions were last updated on November 20, 2025
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Question 1 of 144

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?

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

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

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

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

Correct Answer: C

Question 2 of 144

Under the best practices listed in the Financial Action Task Force (FATF) Recommendations concerning large cash transactions with customers, which of the following transactions would require a report to be filed with the government?

A domestic credit card purchase of a piece of jewelry above the jurisdiction's designated threshold

A lump-sum cash deposit to a bank above the jurisdiction's designated threshold

An international purchase of a small boat with a lump-sum cash payment below the jurisdiction's designated threshold

A cash payment to a restaurant supplier for restaurant supplies above the jurisdiction's designated threshold

Correct Answer: D

Question 3 of 144

Which of the following examples of judicial systems would best be described as a civil law system?

The courts are bound primarily by previous court decisions to resolve legal issues.

The courts are bound by both previous court decisions and codified principles or statutes.

The courts are allowed to consider both codified statutes and previous court decisions but are bound by neither.

The courts are bound by codified principles or statutes but are not bound by previous court decisions.

Correct Answer: D

Question 4 of 144

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

An accountant overstates a restaurant's revenues to hide illegal funds that are secretly laundered through the business.

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.

An importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally.

A businessperson deposits illicit funds into the bank account of a company they secretly own, which then lends the funds back to them.

Correct Answer: C

Question 5 of 144

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 filing cabinet in the office lobby

A waste bin in the employee's office

A company-issued tablet computer

A backpack brought from home

Correct Answer: A