Basic Fraud Test! Trivia Facts Quiz

5 Questions | Total Attempts: 241

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Fraud Quizzes & Trivia

Questions and Answers
  • 1. 
    What are the two type of fraud?
    • A. 

      Application and Identity

    • B. 

      Application and Transaction

    • C. 

      Transaction and Identity

    • D. 

      None of the above

  • 2. 
    Upon notification by a customer who claims fraud or identity theft, WeberOlcese shall continue all collection efforts until the claim has been investigated bythe client?
    • A. 

      True

    • B. 

      False

  • 3. 
    Upon notification of a customer who is claiming fraud, an employee should:
    • A. 

      Do nothing further.

    • B. 

      Request that the file be closed.

    • C. 

      Add the XCM and XFRD to the file.

    • D. 

      None of the above.

  • 4. 
    Which of the following is considered a behavioral red flag for fraud?
    • A. 

      Unwillingness to share job duties

    • B. 

      Taking all allotted vacation days each year

    • C. 

      A work area that is abnormally messy

    • D. 

      Excessive sharing of family accomplishments

  • 5. 
    The process of money laundering can be divided into three main stages. They are:
    • A. 

      Placement, layering, integration

    • B. 

      Conspiracy, concealment, forgery

    • C. 

      Theft, subterfuge, spending

    • D. 

      Crime, using a broker, anonymizing assets

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