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ACFE Exam CFE-Law Topic 1 Question 37 Discussion

Actual exam question for ACFE's CFE-Law exam
Question #: 37
Topic #: 1
[All CFE-Law Questions]

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

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Suggested Answer: A

by Justine at May 19, 2024, 12:04 AM

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Arlyne
8 months ago
Trade-based money laundering, huh? I'll stick to the old-fashioned way - hide it under the mattress!
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Rosio
8 months ago
Option B is a classic case of cooking the books. Gotta love those inflated restaurant revenues!
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Eliseo
7 months ago
C) 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
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Brice
7 months ago
B) An accountant overstates a restaurants revenues to hide illegal funds that are secretly laundered through the business
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Chantell
8 months ago
A) An importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally
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Marion
9 months ago
Option C is a classic money mule tactic. Spread that cash around, but don't get caught!
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Dorothy
8 months ago
C) 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
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Angelyn
8 months ago
C) 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
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Yuette
8 months ago
A) An importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally
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Elliott
8 months ago
B) An accountant overstates a restaurants revenues to hide illegal funds that are secretly laundered through the business
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Cheryl
8 months ago
C) 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
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Thaddeus
8 months ago
A) An importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally
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Cheryl
9 months ago
A) An importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally
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Marisha
9 months ago
Hmm, Option D sounds like a sneaky way to get that dirty money back. Lend it to yourself, genius!
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Lennie
9 months ago
Definitely, but it's also risky if you get caught.
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Teddy
9 months ago
Yeah, that sounds like a clever way to hide the money.
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Alayna
9 months ago
Option A seems like the classic trade-based money laundering scheme. Gotta love those creative invoices!
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Lennie
8 months ago
Yeah, creating fake invoices to understate the quantity of goods is a sneaky way to conceal illicit funds.
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Aide
9 months ago
Option A is definitely a common method used in trade-based money laundering schemes.
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