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Exam CFE - Investigation topic 1 question 162 discussion

Actual exam question from ACFE's CFE - Investigation
Question #: 162
Topic #: 1
[All CFE - Investigation Questions]

Due to risks of illicit transactions, most jurisdictions require financial institutions to obtain information about which of the following from an institution with which they have a foreign correspondent relationship?

  • A. The institution's client loan profiles
  • B. The institution's licenses or certifications
  • C. The institution's branch addresses
  • D. The institution's tax statements
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Suggested Answer: B 🗳️

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_denw
6 days, 14 hours ago
Selected Answer: C
Most jurisdictions require financial institutions to obtain and verify specific information—including the name, location, and branch addresses—of foreign financial institutions with which they maintain correspondent relationships, as part of anti-money laundering (AML) and due diligence regulations.
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