Vce CFE-Law Questions Latest

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Question 8

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 Wed with the government?

Options:

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

A cash payment to a restaurant supplier for restaurant supplies 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 lump-sum cash deposit to a bank above the jurisdiction's designated threshold

Question 9

The Financial Action Task Force (FATF) Recommendations advise countries to do all of the following EXCEPT:

Options:

Use a risk-based approach when setting anti-money laundering policies

Require financial institutions to keep certain records and establish anti-money laundering policies.

Require financial institutions to monitor their customers' political affiliations.

Enable authorities to trace freeze, and confiscate assets suspected in money laundering and terrorist financing

Question 10

In a particular country's judicial process, the judge oversees the investigation of a case is primarily responsible for questioning witnesses and generally plays a larger role in the evidence-gathering process than the parties' legal counsel Which of the following BEST describes this type of judicial process'?

Options:

Adversarial process

Substantive law process

Inquisitorial process

Common law process

Question 11

Which of the following typically does NOT have to be present for communications between an attorney and the attorney's client to be protected by a legal professional privilege?