ACFE Exam CFE-Investigation Topic 4 Question 104 Discussion

Actual exam question for ACFE's CFE-Investigation exam

Question #: 104
Topic #: 4

Due to risks of illicit transactions, most jurisdictions require financial institutions to obtain information about which of the following from an institution with which they have a foreign correspondent relationship?

AThe institution's branch addresses

BThe institution's licenses or certifications

CThe institution's tax statements

DThe institution's client loan profiles

Show Suggested Answer

Suggested Answer: A

by Julieta at Jan 14, 2025, 11:38 AM

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Aron

8 days ago

I think the answer is B) The institution's licenses or certifications.

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Bernardine

10 days ago

D seems like a reasonable answer too. Knowing the client profiles could help identify any potential illicit activities.

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Marla

14 days ago

I think the correct answer is B. Knowing the institution's licenses and certifications is crucial to verify its legitimacy and compliance with regulations.

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