Fraud Management & Anti-Money Laundering Exam
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Welcome to your Fraud Management & Anti-Money Laundering Assessment
Exam instructions;
- Read all questions carefully before you answer
- You must answer all questions
- You have approximately 30mins to complete the exam
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You have successfully passed the Fraud Management & Anti-Money Laundering Final Assessment.
Your results will now be forwarded to info@harleyoxford.com.
Your certification is now being processed and will be sent digitally via email for you to download within 7 – 14 working days.
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Question 1 of 28
1. Question
External fraud is defined as illegal acts carried out by employees against the company that they work for.
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Question 2 of 28
2. Question
Criminal fraud is when someone alters documents or conceals evidence in order to enjoy personal gain.
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Question 3 of 28
3. Question
Financial Conduct Authority (FCA) has developed a guide for companies, which was published in April 1990.
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Question 4 of 28
4. Question
Phishing is a malicious software that includes computer viruses, worms, and trojans.
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Question 5 of 28
5. Question
One of the most common types of fraud experienced today is identity fraud.
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Question 6 of 28
6. Question
Unsupervised learning method is when there is a target variable with values that are known and where predictions will be made using other variable values as input.
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Question 7 of 28
7. Question
An employee paying two cheques each time they pay a bill can amount to hundreds of thousands over a few years.
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Question 8 of 28
8. Question
Investment fraud is when stock investors are targeted and the fraudster will attempt to steal their identities and money.
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Question 9 of 28
9. Question
4,500 people in the United Kingdom are victims of bank fraud each and every day.
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Question 10 of 28
10. Question
Employee fraud is when an employee sees a crack in the system and takes advantage for their own personal financial gain.
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Question 11 of 28
11. Question
On the books fraud will leave no or very little audit trail, making it very hard to investigate and prove.
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Question 12 of 28
12. Question
Supervised learning involves data where there is no target variable.
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Question 13 of 28
13. Question
Identity fraud makes up the 71% of all frauds and is followed by misuse of facility fraud.
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Question 14 of 28
14. Question
External fraud can include procurements.
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Question 15 of 28
15. Question
Internal fraud occurs when an employee deceives a customer or vendor.
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Question 16 of 28
16. Question
Illegal gratuity is another way to describe bribery.
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Question 17 of 28
17. Question
Outlier detection measures the distance between data points.
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Question 18 of 28
18. Question
Insurance fraud is often also referred to as embezzlement
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Question 19 of 28
19. Question
There were 430,630 fraud offences in England and Wales in 2014/2015.
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Question 20 of 28
20. Question
Internal fraud can include personnel management.
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Question 21 of 28
21. Question
Fear is one of the fraud motivators that you need to be aware of.
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Question 22 of 28
22. Question
Fraud against the public sector is estimated to be £10.6 billion per annum.
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Question 23 of 28
23. Question
False vendor payments are very common within companies and one of the easiest ways for fraud to occur.
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Question 24 of 28
24. Question
Corporate fraud is when a person is targeted directly.
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Question 25 of 28
25. Question
Corporate Espionage is when a company’s intellectual property rights and secure information is stolen.
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Question 26 of 28
26. Question
Kickbacks often takes place through a revenue overstatement.
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Question 27 of 28
27. Question
Money mule schemes focus on unsuspecting victims to become money mules in the heart of a money laundering process.
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Question 28 of 28
28. Question
Terrorist financing relates to the processing of funds with the intend to sponsor a terrorist activity.