You are an investigator pursuing a suspected fraudster whom you believe is leading a multi-million dollar Ponzi scheme targeting the elderly in your country You believe you are close to gathering the evidence needed to recover some of the victims losses However you are missing some transaction records from a financial institution that would connect the suspect to accounts holding the proceeds of the fraud.
These records can only be released to law enforcement or government regulators. You have a friend in the local police department who is willing to contact the institution and request the records under the pretenses they are needed for an unrelated police investigation.
Given these circumstances would it be ethical for you to ask your friend to obtain the records?

• A. This action is ethical because you are acting in the best interests of your clients, the fraud victims who need this information to recover some of Their losses
• B. This action is epical because the records are being turned over to a law enforcement official and you the investigator, are not directly misrepresenting yourself
• C. This action is unethical because you do not have proof that Ihe suspect has committed the fraud and are only acting on your belief
• D. This action is unethical because your avenue for obtaining Ihe records was inappropriate, even if you did not directly misrepresent yourself

Your client is the family of a man who is deceased. The family remembers stones that their father (the deceased) had a Cayman Islands company where he held his investments. They have located a file containing an old Cayman Islands bank statement in the name of Company A Limited and in care of a post office address. They want to know what information they can find out about the company and the account.
How can they determine if the company still exists?

• A. Check with the Corporate Registry as this information is public
• B. Conduct an internet search for the company's name as company information is public
• C. Visit the post office and ask for access to the PO Box
• D. Contact the bank and ask the status of the company

You work in the general counsel's office al a mid-size online retail firm. Your firm specializes in women's clothing which it sources from an international supply chain.
A nonprofit group has recently released a report on the trafficking of persons for forced labor in the textiles industry. One of the countries that the report singles out for particularly widespread abuses is home to several of yourfirms'suppliers.
The generalcounsel'soffice is asked to develop a program for due diligence on suppliers tied to their human trafficking risks Which steps would be MOST appropriate to include? Choose 2 answers

• A. Review media outlets and social media sites for any information that could connect suppliers to government officials
• B. Schedule interviews with suppliers to ask questions on recruitment compensation and their production processes
• C. Request suppliers provide employee wage statements and payment records and inspect for omissions or signs of alterations
• D. Request that all suppliers produce their most current profit and loss statement, and update it on a periodic basis

You are leading the learn at your organization that is tasked with updating the fraud risk assessment. The team determines that the current risk assessment effectively identified the universe of potential fraud risks faced by the organization. The risk assessment also captured how existing fraud riskmanagement and controls address the identified risks. However, the team found weaknesses in other areas.
Which two components should the team include in the development of a sound risk assessment? Choose 2 answers

• A. An analysis of the financial resources required to address fraud risks
• B. An analysis of the likelihood and materiality of fraud types
• C. A risk matrix that defines management's risk tolerance
• D. A robust and auditable investigation conducted in accordance with the antifraud policy

In the context of compliance programs and controls, what is the primary objective of conducting a risk assessment within a financial institution?

• A. To generate revenue through risk management activities.
• B. To assess the financial institution's exposure to various types of risks.
• C. To identify potential areas of non-compliance with internal policies.
• D. To allocate resources for regulatory compliance efforts.