ACFE Exam CFE-Law Topic 2 Question 40 Discussion

Actual exam question for ACFE's CFE-Law exam

Question #: 40
Topic #: 2

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

AAn importer and an exporter conspire to conceal illicit funds by creating invoices that understate the quantity of goods shipped internationally

BAn accountant overstates a restaurants revenues to hide illegal funds that are secretly laundered through the business

CA 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

DA businessperson deposits illicit funds into the bank account of a company they secretly own which then lends the funds back to them

Show Suggested Answer

Suggested Answer: A

by Anglea at Jun 30, 2024, 10:03 AM

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Cassi

7 months ago

Option A all the way! Gotta love those creative accountants and their bag of tricks. Just don't try this at home, folks.

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Clorinda

7 months ago

I'm going with Option A. Cooking the books on international trade is a sly way to hide those ill-gotten gains.

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Marjory

7 months ago

Whoa, these money laundering schemes are getting more complex by the day. Option A sounds like a real headache for investigators.

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Launa

7 months ago

Definitely, it's hard to track when they understate the goods being shipped.

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Sylvie

7 months ago

Yeah, option A seems like a sneaky way to hide money.

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8 months ago

I think the answer is A.

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