1/23/25,n6:33nA CFCInSTUDYnGUIDEn2025n|nCOMPLETEnQUESTIONSnANDnCORRECTnANSWERSn|nGRADEDnA+n|nVERIFIEDnANSWERSn|nLAT
M E…
CFCI STUDY GUIDE 2025 | COMPLETE QUESTIONS
n n n n n n n
AND CORRECT ANSWERS | GRADEDA+ | VERIFIED
n n n n n n n n
ANSWERS | LATESTVERSION n n n
Save
Terms in this set (179)
n n n n
"Anynillegalnactsncharacterizednbyndeceit,nconcealment
,nornviolationnofntrust.nThesenactsnarennotndependentn up
onnthen perpetratedn bynindividualsnandnorganizationsnt
Fraud
onobtainnmoney,nproperty,nornservices;ntonavoidnpayme
ntnornlossnofnservices;norntonsecure
personalnornbusinessnad-vantage."
Mainntypesnofnfraud InternalnFraudnandnExternalnFraud
Activitiesn thatn mayn ben criminal,n committedn withinn anno
InternalnFraud rganization,ntypicallynbynthenemployeenagainstnthe
employer.
Deceptiven conductn byn non-
ExternalnFraud employeesn thatndeprivesnthenorganizationnofnval
ue,nand/ornis
undertakennfornfinancialngain.
Thentheftnofnmoney,nproperty,nornothernassetsnofnthe
Embezzlement
employer.
Thentakingnawaynofnthenpropertynofnanother,nwithnthenin
Larceny
tentntonconvertnitntonhis/hernownnuse.
https://quizlet.com/996323228/cfci-study-guide-2025-complete-questions-and-correct-answers-graded-a-verified-answers-latest-version-flash-cards/?… 1/17
,1/23/25,n6:33nA CFCInSTUDYnGUIDEn2025n|nCOMPLETEnQUESTIONSnANDnCORRECTnANSWERSn|nGRADEDnA+n|nVERIFIEDnANSWERSn|nLAT
M E…
"Cookingnthenbooks."nThisntypenofnfraudngenerallynrefer
sntonfalselynrepresentingnthenfinancialnconditionnofnthenco
mpany,nsonasntoninflatenthenvaluenofnstock,
FinancialnFraud
fraudulentlynboostnexecutivenbonuses,nornotherwisenmi
sleadnshareholders,nlenders,nemployees,ninvestment
analysts,n ornothern usersn ofn then information.
Accountsnreceivablenfraud,nthisninvolvesnsimplyns
Skimmingn (cashn larceny) tealingncashnbeforenitnentersnthenorganization's
accountingnsystem.
Usingnfalsendocumentationntoncausenantargetednor
BillingnSchemes ganizationntonissuenanpaymentnfornfalsenservices
and/ornpurchases.
Commonnmethodn(Takingnadvantagenofnemployeenacce
ssntonblankncompanynchecks,nusingnanpasswordntonstealn
ChecknTampering
computer-generatednchecksnornproducing
counterfeitnchecks).
Makingnfalsenclaimsnfornreimbursementnorninflatingnornc
Employeenreimbursementn
reatingnfictitiousnbusinessnexpenses.n(Traveln/meal
scheme
reimbursement.
Corruption Bribery,nillegalngratuities,nand/ornextortion.
Whennsomethingnofnvaluenisnofferednorngivennto
Bribery
influencenanbusinessndecision.
Whennsomethingnofnvaluenisngivenntonannemployeento
IllegalnGratuities
rewardnanbusinessndecision.
Whennanpersonndemandsnpaymentnornseeksntoninfluen
Extortion cenanbusinessndecisionnbynthreatnofnharm
throughnlossnofnbusinessnornpersonalninjury.
Formsnofncorruptionninvolvingnemployeesnandnvendor
s,noftennusingninflatednbillingnorninvoicesnfornwhichnth
KickbacknSchemes
enemployeenisnpaidnanportionnofntheninflatednornfictitiou
sninvoice.
https://quizlet.com/996323228/cfci-study-guide-2025-complete-questions-and-correct-answers-graded-a-verified-answers-latest-version-flash-cards/?… 2/17
, 1/23/25,n6:33nA CFCInSTUDYnGUIDEn2025n|nCOMPLETEnQUESTIONSnANDnCORRECTnANSWERSn|nGRADEDnA+n|nVERIFIEDnANSWERSn|nLAT
M E…
Thencreation,nsale,nornusenofnancounterfeitncreditncard,
CreditnCardn Fraud
ornthenusenofnanstolenncreditnorndebitncard.
C.N.P Cardnnotnpresentntransactions
Thenfraudulentnacquisitionnornstealingnofnconfidential
IdentitynTheft
personalninformationnthroughnsocialnengineering.
Involvesnthenunauthorizednusenofnanothernperson'snp
ersonalndatanfornillegalnfinancialnbenefit.nInvolvesnab
Identityn Fraud
usingnthenstolenninformationntontransactnpersonal
businessninnthenvictim'snname.
Annextremenformnofnwhatnwasncallednfreenbanking.n"Anb
anknthatnissuednnotesnwithoutnadequatensecuritynin
WildcatnBanking
thenperiodnbeforenthenestablishmentnofnthennational
bankingnsystemninn1864".
Theftn(stealingnmoney,nID,nornassets)nandndeceptionn(co
2ncategoriesnthatnencomp
okingnthenbooks,nlyingntonshareholders,nemployees
assnFraud
ornpartners)
Thenfailurenofnaboutn1000nsavingsnandnloannbanksnasnanre
sultnofnriskynbusinessnpractices.nThenrootsnofnthenS&Lncris
SavingsnandnLoannCrisis isnlayninnexcessivenlending,nspeculation,nandnrisk-
n takingndrivennbynthenmoralnhazardncreatednby
deregulationnandntaxpayernbailoutnguarantees.
Mythn #1n ofnthen Financial "Wenhavenverynlittlenfraudnhere"nex:nsubprime
Services mortgagenfraud
Mythn #2n ofn Financial "Ethicsnandntrainingncompliancenhasnusncovered"nFraud
Services isnnotnalwaysncoveredninnethicsnpolicynorntraining.
"Fraudnisnannunavoidablencostnofndoingnbusiness"
Mythn#3nofnFinancialnServices Fraudnisnusuallynnotnseriousnenoughntondestroynanfinan
cialn servicen firm,n itn isn muchn moren thann necessaryncostnofn
doingnbusiness.
https://quizlet.com/996323228/cfci-study-guide-2025-complete-questions-and-correct-answers-graded-a-verified-answers-latest-version-flash-cards/?… 3/17
M E…
CFCI STUDY GUIDE 2025 | COMPLETE QUESTIONS
n n n n n n n
AND CORRECT ANSWERS | GRADEDA+ | VERIFIED
n n n n n n n n
ANSWERS | LATESTVERSION n n n
Save
Terms in this set (179)
n n n n
"Anynillegalnactsncharacterizednbyndeceit,nconcealment
,nornviolationnofntrust.nThesenactsnarennotndependentn up
onnthen perpetratedn bynindividualsnandnorganizationsnt
Fraud
onobtainnmoney,nproperty,nornservices;ntonavoidnpayme
ntnornlossnofnservices;norntonsecure
personalnornbusinessnad-vantage."
Mainntypesnofnfraud InternalnFraudnandnExternalnFraud
Activitiesn thatn mayn ben criminal,n committedn withinn anno
InternalnFraud rganization,ntypicallynbynthenemployeenagainstnthe
employer.
Deceptiven conductn byn non-
ExternalnFraud employeesn thatndeprivesnthenorganizationnofnval
ue,nand/ornis
undertakennfornfinancialngain.
Thentheftnofnmoney,nproperty,nornothernassetsnofnthe
Embezzlement
employer.
Thentakingnawaynofnthenpropertynofnanother,nwithnthenin
Larceny
tentntonconvertnitntonhis/hernownnuse.
https://quizlet.com/996323228/cfci-study-guide-2025-complete-questions-and-correct-answers-graded-a-verified-answers-latest-version-flash-cards/?… 1/17
,1/23/25,n6:33nA CFCInSTUDYnGUIDEn2025n|nCOMPLETEnQUESTIONSnANDnCORRECTnANSWERSn|nGRADEDnA+n|nVERIFIEDnANSWERSn|nLAT
M E…
"Cookingnthenbooks."nThisntypenofnfraudngenerallynrefer
sntonfalselynrepresentingnthenfinancialnconditionnofnthenco
mpany,nsonasntoninflatenthenvaluenofnstock,
FinancialnFraud
fraudulentlynboostnexecutivenbonuses,nornotherwisenmi
sleadnshareholders,nlenders,nemployees,ninvestment
analysts,n ornothern usersn ofn then information.
Accountsnreceivablenfraud,nthisninvolvesnsimplyns
Skimmingn (cashn larceny) tealingncashnbeforenitnentersnthenorganization's
accountingnsystem.
Usingnfalsendocumentationntoncausenantargetednor
BillingnSchemes ganizationntonissuenanpaymentnfornfalsenservices
and/ornpurchases.
Commonnmethodn(Takingnadvantagenofnemployeenacce
ssntonblankncompanynchecks,nusingnanpasswordntonstealn
ChecknTampering
computer-generatednchecksnornproducing
counterfeitnchecks).
Makingnfalsenclaimsnfornreimbursementnorninflatingnornc
Employeenreimbursementn
reatingnfictitiousnbusinessnexpenses.n(Traveln/meal
scheme
reimbursement.
Corruption Bribery,nillegalngratuities,nand/ornextortion.
Whennsomethingnofnvaluenisnofferednorngivennto
Bribery
influencenanbusinessndecision.
Whennsomethingnofnvaluenisngivenntonannemployeento
IllegalnGratuities
rewardnanbusinessndecision.
Whennanpersonndemandsnpaymentnornseeksntoninfluen
Extortion cenanbusinessndecisionnbynthreatnofnharm
throughnlossnofnbusinessnornpersonalninjury.
Formsnofncorruptionninvolvingnemployeesnandnvendor
s,noftennusingninflatednbillingnorninvoicesnfornwhichnth
KickbacknSchemes
enemployeenisnpaidnanportionnofntheninflatednornfictitiou
sninvoice.
https://quizlet.com/996323228/cfci-study-guide-2025-complete-questions-and-correct-answers-graded-a-verified-answers-latest-version-flash-cards/?… 2/17
, 1/23/25,n6:33nA CFCInSTUDYnGUIDEn2025n|nCOMPLETEnQUESTIONSnANDnCORRECTnANSWERSn|nGRADEDnA+n|nVERIFIEDnANSWERSn|nLAT
M E…
Thencreation,nsale,nornusenofnancounterfeitncreditncard,
CreditnCardn Fraud
ornthenusenofnanstolenncreditnorndebitncard.
C.N.P Cardnnotnpresentntransactions
Thenfraudulentnacquisitionnornstealingnofnconfidential
IdentitynTheft
personalninformationnthroughnsocialnengineering.
Involvesnthenunauthorizednusenofnanothernperson'snp
ersonalndatanfornillegalnfinancialnbenefit.nInvolvesnab
Identityn Fraud
usingnthenstolenninformationntontransactnpersonal
businessninnthenvictim'snname.
Annextremenformnofnwhatnwasncallednfreenbanking.n"Anb
anknthatnissuednnotesnwithoutnadequatensecuritynin
WildcatnBanking
thenperiodnbeforenthenestablishmentnofnthennational
bankingnsystemninn1864".
Theftn(stealingnmoney,nID,nornassets)nandndeceptionn(co
2ncategoriesnthatnencomp
okingnthenbooks,nlyingntonshareholders,nemployees
assnFraud
ornpartners)
Thenfailurenofnaboutn1000nsavingsnandnloannbanksnasnanre
sultnofnriskynbusinessnpractices.nThenrootsnofnthenS&Lncris
SavingsnandnLoannCrisis isnlayninnexcessivenlending,nspeculation,nandnrisk-
n takingndrivennbynthenmoralnhazardncreatednby
deregulationnandntaxpayernbailoutnguarantees.
Mythn #1n ofnthen Financial "Wenhavenverynlittlenfraudnhere"nex:nsubprime
Services mortgagenfraud
Mythn #2n ofn Financial "Ethicsnandntrainingncompliancenhasnusncovered"nFraud
Services isnnotnalwaysncoveredninnethicsnpolicynorntraining.
"Fraudnisnannunavoidablencostnofndoingnbusiness"
Mythn#3nofnFinancialnServices Fraudnisnusuallynnotnseriousnenoughntondestroynanfinan
cialn servicen firm,n itn isn muchn moren thann necessaryncostnofn
doingnbusiness.
https://quizlet.com/996323228/cfci-study-guide-2025-complete-questions-and-correct-answers-graded-a-verified-answers-latest-version-flash-cards/?… 3/17
