Question 1Which of the following best describes situations with complex frauds and financial crimes?1 pointOrganizations associated with complex frauds and financial crimes often dismantle other legitimate businesses.Organizations associated with complex frauds and financial crimes often involve single individuals acting alone.Organizations associated with complex frauds and financial crime can be described as employing a large number of accidental fraudsters.Organizations associated with complex frauds and financial crime often mix illegal activities with legitimate business activities.

Which of the following is NOT considered a complex fraud?1 pointEmbezzlement.Local, street corner drug trafficking.Domestic terrorism financing.International money laundering.

What is the missing word? “An example of a more complex fraud is a ______________ or pyramid investment scheme where criminals typically offer victims a very high rate of return and then either take the payment and walk away or make payments that cease within a short period. The money they do pay out in this short period usually comes from later investors. These initial repayments to earlier investors give the impression that the scheme is successful.”Group of answer choicesGet-Rich-QuickPonziNone of the available answersFraud

Large frauds are typically associated with all of the following except:1 pointLack of segregation of duties and responsibilities.Placing undeserved trust in key employees.Operating on a crisis basisWorking with management to set realistic goals

Identify the fraud types from the following descriptions:Fraudsters obtain personal data, such as PINs and card numbers, to access accounts or make unauthorized transactions.Victims are deceived into authorising payments to accounts controlled by fraudsters.An individual takes over someone else's account.A fraudulent application for a new credit card is made.False claims or information are provided to benefit from insurance policies.The fraud is committed by the customer against the financial institution, not involving identity theft or external theft Match the descriptions to the correct type of fraud:Choisissez la meilleure optionAPP, Card Fraud, Identity Fraud, First-Party Fraud, ATO, Credit Card Application Fraud Identity Fraud, ATO, APP, First-Party Fraud, Card Fraud, Insurance FraudCard Fraud, APP, ATO, Credit Card Application Fraud, Insurance Fraud, First-Party FraudATO, APP, Card Fraud, Credit Card Application Fraud, Insurance Fraud, First-Party Fraud

Illegitimate activities causing financial loss to the business.Select the correct termBeing under the Influence of AlcoholUse, Sale or Possession of a Non-prescription Controlled SubstanceTheft or FraudDamage to Assets