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ACFE Certified Fraud Examiner (CFE) - Law CFE-Law Question # 12 Topic 2 Discussion

ACFE Certified Fraud Examiner (CFE) - Law CFE-Law Question # 12 Topic 2 Discussion

CFE-Law Exam Topic 2 Question 12 Discussion:
Question #: 12
Topic #: 2

The Financial Action Task Force (FATF) Recommendations concerning cross-border transfers of currency recommend that countries do which of the following?


A.

Require individuals to make a disclosure any time currency is physically transported into or out of a country, regardless of the currency amount.


B.

Eliminate the practice of carrying currency above a certain threshold across international borders.


C.

Establish reporting thresholds for physically carrying currency or currency equivalents into or out of a country.


D.

Stipulate that financial institutions must inform authorities any time they conduct a transaction involving a cash equivalent originating from another country.


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