Ethan a U S resident, is running a Ponzi scheme As part of the scheme, he uses the U S mail system to send promotional materials to potential victims in France If the US government decides to prosecute Ethan, which of the following would provide the MOST LIKELY basis for the charges?

1. A. Mail fraud
2. B. Wire fraud
3. C. Insider trading fraud
4. D. Communications fraud

Correct Answer: A

Which of the following examples of judicial systems would BEST be described as a civil law system?

1. A. The courts are allowed to consider both codified statutes and previous court decisions but are bound by neither
2. B. The courts are bound by both previous court decisions and codified principles or statutes
3. C. The courts are bound primarily by previous court decisions to reserve legal issues
4. D. The courts are bound by codified principles or statures but are not bound by previous court decisions

Correct Answer: D

A prosecutor died criminal charges against Rosa calming that she stole Juan's personal information and sold his identity on the dark web Juan wants to file a civil lawsuit against Rosa to recover damages arising from the identity theft Can Juan file the civil action before the criminal action against Rosa is completed?

1. A. Yes, the evil action can be filed if the jurisdiction permits parallel proceedings.
2. B. No, the civil action cannot be filed if the jurisdiction prohibits counterclaims.
3. C. Yes, the evil action can be filed if the jurisdiction permits analogous cairns.
4. D. No, the civil action cannot be filed if the jurisdiction prohibits double jeopardy.

Correct Answer: A

The Financial Action Task Force (FATF) Recommendations slate that a financial institution s customer due diligence (COD) procedures should include continued monitoring of a customer's business relationships and transactions.

1. A. True
2. B. False

Correct Answer: A

Which of the following statements about the International Organization of Securities Commissions (IOSCO) s TRUE?

1. A. IOSCO is a self-regulatory organization for companies that have securities traded on international securities markets
2. B. IOSCO provides a forum for regular cooperation on banking supervisory matters affecting developingnations
3. C. IOSCO is an oversight body responsible for issuing and enforcing regulations that govern all international securities markets
4. D. IOSCO is recognized as the international standard-setter for securities markets

Correct Answer: D