PCI PCI Financial Investigation & Asset Recovery

Question 1

What is the primary purpose of asset tracing in a fraud investigation?

Accepted Answer

To identify and locate assets that may be subject to recovery or forfeiture

Answer

To determine the suspect's credit score

Answer

To calculate the victim's insurance premium

Answer

To establish the suspect's employment history

Question 2

Which financial document is most useful for identifying undisclosed income in a fraud investigation?

Accepted Answer

Bank statements

Answer

Driver's license

Answer

Property deed

Answer

Employment application

Question 3

What is 'commingling of funds' in the context of financial investigations?

Accepted Answer

Mixing personal and business funds to obscure their origins

Answer

Transferring funds between banks legally

Answer

Investing funds in multiple accounts

Answer

Using funds for legitimate business expenses

Question 4

In financial fraud investigations, what does 'skimming' refer to?

Accepted Answer

Taking cash before it is recorded in the accounting system

Answer

Reviewing financial records quickly

Answer

Transferring funds electronically

Answer

Overcharging customers for services

Question 5

What is a Suspicious Activity Report (SAR) in financial investigations?

Accepted Answer

A report filed by financial institutions when they suspect money laundering or fraud

Answer

A report filed by investigators after conducting surveillance

Answer

A document summarizing the findings of a background check

Answer

A notification sent to law enforcement about a missing person

Question 6

Which mechanism is commonly used to obtain financial records held in foreign jurisdictions?

Accepted Answer

Mutual Legal Assistance Treaties (MLATs)

Answer

Subpoenas issued to local banks only

Answer

Freedom of Information Act requests

Answer

Direct interviews with foreign bank employees