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ACFE Certified Fraud Examiner (CFE) - Law CFE-Law Question # 42 Topic 5 Discussion

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ACFE Certified Fraud Examiner (CFE) - Law CFE-Law Question # 42 Topic 5 Discussion

CFE-Law Exam Topic 5 Question 42 Discussion:
Question #: 42
Topic #: 5

The Financial Action Task Force (FATF) Recommendations suggest that countries should do which of the following?


A.

Use a risk-based approach when creating and establishing their anti-money laundering policies.


B.

Require financial institutions to monitor their customers ' social media activity for signs of money laundering.


C.

Only conduct business with other countries that comply with the anti-money laundering recommendations.


D.

Impose a sentence of five years of imprisonment for all money laundering and terrorist financing convictions.


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