Challenges for fraud fighters

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

By 2027, how much could cybercrime be costing businesses annually in global losses?

13 trillion US dollars

3 trillion US dollars

23 trillion US dollars

33 trillion US dollars

Which organisation has introduced a new framework related to crypto assets?

UK Financial Reporting Council

US Financial Accounting Standards Board

None of the other answers is correct

IFRS Foundation

What makes it harder for finance professionals to improve their awareness of cybercrime?

Not enough technology is being combined into conventional finance degrees

Finance degrees are too narrowly focused on specific topics

None of the other answers is correct

Cybercrime is developing so fast that finance degrees are becoming out of date

Which of the following are key obstacles in fighting cybercrime in Asia Pacific?

All the other answers are correct

Regulatory fragmentation across jurisdictions

Limited cross-border information sharing

Lack of transparency in ownership structures in emerging markets

Which of the following statements is true? Statement 1, Vietnam has introduced an automated cross-border information-exchange system. Statement 2, Hong Kong shares financial intelligence with other jurisdictions.

Statement 1 is correct

Both statements are correct

Neither statement is correct

Statement 2 is correct

How do differences across jurisdictions impact the work of forensic accountants in tracing illicit assets?

They delay effective asset recovery

They highlight a critical need for forensic tools that facilitate multijurisdictional compliance

They hamper timely collaboration

All the other answers are correct

What responsibilities might forensic accountants have in their role?

Tracking suspicious crypto flows

All the other answers are correct

Reconstructing illicit transaction webs

Documenting findings for regulatory action or recovery efforts

Which of the following statements about Kroll's 2025 financial crime report is true? Statement 1, over half of respondents believe AI can support financial crime compliance programmes. Statement 2, around half of respondents believe that AI is a risk to financial crime compliance.

Statement 2 is correct

Both statements are correct

Statement 1 is correct

Neither statement is correct

Which of the following can help to trace money-laundering activities?

Art provenance records

Property registries

All the other answers are correct

Import-export documentation

Which of the following is true?

Singapore shares financial intelligence only with ASEAN members

Singapore's banking secrecy laws prevent the sharing of financial intelligence

None of the other answers is correct

Singapore has a robust system of sharing financial intelligence

1 unit

Challenges for fraud fighters

By 2027, how much could cybercrime be costing businesses annually in global losses?

Which organisation has introduced a new framework related to crypto assets?

What makes it harder for finance professionals to improve their awareness of cybercrime?

Which of the following are key obstacles in fighting cybercrime in Asia Pacific?

Which of the following statements is true? Statement 1, Vietnam has introduced an automated cross-border information-exchange system. Statement 2, Hong Kong shares financial intelligence with other jurisdictions.

How do differences across jurisdictions impact the work of forensic accountants in tracing illicit assets?

What responsibilities might forensic accountants have in their role?

Which of the following statements about Kroll's 2025 financial crime report is true? Statement 1, over half of respondents believe AI can support financial crime compliance programmes. Statement 2, around half of respondents believe that AI is a risk to financial crime compliance.

Which of the following can help to trace money-laundering activities?

Which of the following is true?

You scored

0

out of

0

Test passed. Enter your details to download your certificate. Your certificate will also be sent to you by email.