ACFE Exam CFE-Law Topic 1 Question 8 Discussion

Actual exam question for ACFE's CFE-Law exam

Question #: 8
Topic #: 1

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?

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

BA cash payment to a restaurant supplier for restaurant supplies above the jurisdiction's designated threshold

CAn international purchase of a small boat with a lump-sum cash payment below the jurisdiction's designated threshold

DA lump-sum cash deposit to a bank above the jurisdiction's designated threshold

Show Suggested Answer

Suggested Answer: D

by Chauncey at Oct 12, 2022, 04:32 PM

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