Preview Questions Fraud Analyst | Role Specific Skill

Question 1: What is the first action to take when a fraudulent transaction is confirmed during an investigation?

Which action should you take?

Choose only one option

Perform a forensic analysis

Inform the compliance department

Block the transaction account

Notify the customer immediately

Question 2: Which of the following methods is commonly used to prevent account takeover fraud?

Which action should you take?

Choose only one option

User biometrics

Device fingerprinting

Geolocation tracking

Multi-factor authentication

Question 3: In fraud detection, how does anomaly detection differ from traditional rule-based systems?

Which action should you take?

Choose only one option

Rule-based systems detect known fraud types, while anomaly detection handles only unknown fraud

Anomaly detection requires manual input, while rule-based systems are fully automated

Anomaly detection looks for patterns that deviate from normal behavior, whereas rule-based systems only apply predefined rules

Rule-based systems use machine learning, while anomaly detection relies on statistical methods

Question 4: What does the Money Laundering, Terrorist Financing and Transfer of Funds Regulation (EU) 2015/847 require financial institutions to do in case of fraud detection?

Which action should you take?

Choose only one option

Provide detailed transaction data for all clients to tax authorities

Restrict access to financial products for all suspicious clients

Monitor and report suspicious transactions and activities to competent authorities

Guarantee immediate reimbursement for all defrauded clients

Question 5: When performing fraud investigation in a bank, which tool would you typically use to analyze historical transaction data?

Which action should you take?

Choose only one option

Statistical analysis software

SQL queries for database extraction

AI-based anomaly detection tools

Fraud detection rule engines

Question 6: In fraud detection, which data pattern is most indicative of a ?sleeping merchant? scheme?

Which action should you take?

Choose only one option

Sudden spike in transactions

Irregular activity at odd hours

Steady increase in refund rates

High transaction volume, consistent values