ACFCS CFCS 시험 개요:

ACFCS CFCS 시험 요강 주제:

최신 Certified Financial Crime Specialist CFCS 무료샘플문제

1. In an attempt to ensure the selection of his bid for a government project in a foreign country Mr. Jones decided to pay off a foreign official who had the ability to influence the process Mr. Jones created a shell company to conduct the transaction.
In exchange for this influence Mr. Jones created a series of invoices that made it appear as if his shell company owed money to Ihe foreign official Mr. Jones wired money from his bank account in the US to the shell company in the foreign jurisdiction for credit to the government official Unfortunately for Mr. Jones, the official did not keep his promise and Jones did not gel the bid.
When did money laundering FIRST occurs?

A) When Mr. Jones generated a series of false invoices
B) When Mr. Jones transferred funds from the shell company to the public official
C) When Mr. Jones wired the funds to the shell company
D) When Mr. Jones created the shell company

2. During a risk assessment of its customer onboarding process, a financial institution identifies a lack of adequate procedures for verifying the beneficial ownership of corporate clients. What is the most appropriate action for the institution to take to address this deficiency?

A) Revise the customer onboarding procedures to incorporate requirements for verifying beneficial ownership.
B) Immediately suspend all new customer onboarding activities until the procedures are updated.
C) Implement enhanced monitoring for transactions involving corporate clients with unidentified beneficial owners.
D) Disregard the issue as long as corporate clients pass other due diligence checks.

3. An internal auditor is conducting a quality assurance review of sales results and records for a large U.S.
based aerospace and defense contracting firm The auditor has been tasked with reviewing the recordsofsales departments in several countries because the company has raised concerns over accounting discrepancies and possible issues with inflated sales figures.
In the records of one sales department the auditor documents an unusually high number of returnsofairplane parts. These returns come from purchasers who executed sales contracts only to invoke right of return shortly afterwards.
Upon reviewing thesesales contracts,the auditor cannot find specific provisions regarding right of return for purchasers.
Given this information which is the MOST likely conclusion the internal auditor will make?

A) The sales department may beinvolved in a fraudulent revenue recognition scheme related to hidden payment andrefundterms
B) The sales department may be involved in a tax evasion scheme involving falsified returns to disguise undisclosed assets
C) The sales department manager may be involved in an embezzlement scheme tied to the returned airplane parts
D) The sales department may be violating sanctions through the undocumented saleofdual-use goods to countriessubjectto U S sanctions

4. How are trade price manipulation schemes used to launder criminal proceeds?

A) By serving as a balancing mechanismtosettle payments between unregistered hawalas and other informal value transfer systems
B) By transferring funds offshore through invoicing schemes for non-existent good and services
C) By transferring value between related criminal enterprises through the fraudulent misrepresentation of the value of exported commodities
D) By obscuring the money trail through offshore bond swaps and fraudulent letters of credit

5. A small but very successful construction company is expanding rapidly Having quickly gone from just a few employees to a larger staff the company's managers have become concerned about the possibility for internalTheftand fraud, and are implementing compliance measures.
The company promotes one of its current HR employees to be the new head of compliance It institutes a new whistleblower policy in which all employees are required to report suspicious behavior or transactions directly to their immediate supervisor who will escalate as necessary.
The company also institutes a gifts and entertainment policy that restricts promotional expenses for the company's sales staff and any managersthatinteract with clients and vendors Finally the company starts a selective review process for all invoices above a certain threshold subjecting them to senior management review.
Based on this scenario which is the MOST significant weakness in the company's efforts to detect and prevent internal financial crime?

A) The Policy ofinvoice review - All invoices should be subject to senior management approval not only those above a certain level
B) The gifts and entertainment policy - The policy is not comprehensive enough and should include all company employees not only sales staff and management
C) Thewhistleblowerpolicy - Reporting should never go through the company's business lines it should lake place anonymously
D) The promotion of a current employee as head of compliance - Compliance officers should always be hired externally to minimize the chances of internal fraud

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