Cfca Manual Exam 2024-2025 Actual Complete Questions And Correct Answers (100%correct Answers ) A Grade.

CFCA MANUAL EXAM 2024-2025 ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (100%CORRECT ANSWERS ) A GRADE. What is financial crime? - ANSWER-Illegal activities that are usually economically motivated. What is money laundering? - ANSWER-The process of concealing or disguising the existence, source, movement, destination, or illegal application of criminally derived property or funds to make them appear legitimate. Three stages of money laundering - ANSWER-- Placement - Layering - Integration What is terrorist financing? - ANSWER-Involves fund for an illegal political purpose to support terrorist activities. However, money is necessarily derived from the proceeds of illegal activity. Hawala system plays a big roles in moving terrorist related funds. What are sanctions? - ANSWER-Political decision made as part of diplomatic efforts by countries, regional organization, and international bodies. Sanctions are primarily a foreign policy and security tool. Sanctions are intended to affect behavioral change through deterrence, prevention, or punishment.What is fraud? - ANSWER-An International act of criminal deception in order to obtain an unjust or illegal advantage. Usually for personal gain. Reasons people commit fraud - ANSWER-- Pressure - Opportunity - Rationalization 4th Capacity What is anti-bribery and corruption? - ANSWER-Bribrery is the giving or receiving of a financial or other advantage