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Exam CFE - Financial Transactions and Fraud Schemes All Questions

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Exam CFE - Financial Transactions and Fraud Schemes topic 1 question 66 discussion

Actual exam question from ACFE's CFE - Financial Transactions and Fraud Schemes
Question #: 66
Topic #: 1
[All CFE - Financial Transactions and Fraud Schemes Questions]

Which of the following is a reason why prepaid debit and gift card fraud schemes are attractive to fraudsters?

  • A. Prepaid cards are difficult for authorities to track after the cards have been purchased and activated for use.
  • B. Prepaid cards can only be purchased from financial institutions.
  • C. Prepaid cards are often not accepted by online retailers and can only be used in transactions where the cards must be physically present.
  • D. All of the above are reasons why prepaid cards are attractive to fraudsters.
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Suggested Answer: A 🗳️
by AML_1234 at Dec. 16, 2024, 4:06 p.m.

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AML_1234
4 weeks, 1 day ago
Selected Answer: A
. Prepaid cards are difficult for authorities to track after the cards have been purchased and activated for use.
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