Free Access ACFE.CFE-Law.v2026-08-22.q108 Practice Test (Page 19)

Question 86

Claude stole a large amount of cash from his employer and then deposited the funds into a domestic bank account Next, he wired the illicit funds to a foreign bank account and engaged m several other transactions using foreign accounts to make them difficult to trace Finally, he transferred the funds back to a domestic account and then spent the money. Which of the following actions was the layering stage of Claude's money laundering scheme?

A.When he first deposited the funds into a domestic account

B.When he first stole the cash from his employer

C.When he moved the funds through several transactions using foreign accounts

D.When he spent the money

Question 87

Which of the following is a right of individuals accused of crimes under the United Nations ' (UN) International Covenant on Civil and Political Rights (ICCPR)?

A.Right of the accused to be released from custody pending trial

B.Right of the accused to a trial without public disclosure of the results

C.Right of the accused to unlimited appeals in criminal trials

D.Right of the accused to be informed of criminal charges

Question 88

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

A.The agents working at the entity have criminal records.

B.There are justified gaps in the work history of promoters at the entity

C.There is an unexplained absence of customer complaints against the entity.

D.The entity's website contains detailed background information.

Question 89

Which of the following statements concerning digital currencies, such as bitcoin, is MOST ACCURATE?

A.Digital currencies are not typically used to launder money due to strict customer identification or recordkeeping requirements enforced in all jurisdictions

B.Digital currencies are subject to all of the same regulations as payments made through traditional financial institutions

C.Digital currencies are attractive to money launderers because payments often cross jurisdictional boundaries, making it difficult for authorities to pursue enforcement

D.Digital currencies are attractive to money launderers because they are a payment method that provides complete anonymity

Question 90

Which of the following is the MOST ACCURATE statement about the circumstances under which a conflict of interest claim would be actionable against an agent?

A.The agent must have purported to act on behalf of or as an agent for an identified principal

B.The agent must have had an undisclosed interest m a matter that could influence their professional role

C.The agent must have informed the principal of their actions

D.The agent must have been authorized by someone with actual authority to carry out the transaction at issue

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Question 86

Question 87

Question 88

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Question 90

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