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ACFE CFE-Law Exam Dumps

ACFE CFE-Law Exam Dumps

Certified Fraud Examiner (CFE) - Law

Total Questions : 217
Update Date : July 02, 2026
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Related Exams

Question # 1

Which of the following is a method of disguising money acquired from illegal sources byrecording more income on a business's books than the business actually generates?

A. Overstating revenues 
B. Reporting real estate purchases 
C. Recording but not depositing revenue 
D. None of the above 



Question # 2

Which of the following statements regarding using front businesses as a method of laundering money is MOST ACCURATE? 

A. Front businesses are a favored method because it is easy to match the costs associated with providing customers food, liquor, and entertainment with the revenues produced. 
B. Bars, restaurants, and nightclubs are commonly used as front businesses because these venues tend to charge relatively low prices and customers rarely vary in their purchases.
C. Front businesses can often be detected because these businesses have a large number of customers during peak operating hours and high income. 
D. A front business that conducts legitimate business can provide cover for delivery and transportation related to illegal activity. 



Question # 3

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

A. There are justified gaps in the work history of promoters at the entity. 
B. The entity is known to have a history of regulatory problems. 
C. There is a lack of customer complaints against the entity. 
D. The entity's website contains detailed background information. 



Question # 4

Lorna is an employee at Victorian Inc., a private company in a jurisdiction in which thepublic has the legal right to be free from unreasonable search and seizure by governmentauthorities. Management suspects that Lorna is misappropriating funds from the company,so it instructs Charlie, an investigator employed by Victorian, to search Lorna’s companyissued laptop. Charlie finds incriminating evidence on Lorna’s laptop and gives it to law enforcement. However, by failing to obtain a search warrant before conducting his search,Charlie violated Lorna’s rights.

A. True 
B. False 



Question # 5

Which of the following schemes involves disguising money from illegal nonbusinesssources by recording more income on a business's books than the business actuallygenerates?

A. Overstate revenues 
B. Structured deposits 
C. Trade-based laundering 
D. None of re above 



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