CMFAS RES 1A Prevention of Financial Crimes (AML/CFT) question: list of examples of suspicious transactions Appendix E in RES 2B

CMFAS RES 1APrevention of Financial Crimes (AML/CFT)

The study guides append a list of examples of suspicious transactions (Appendix E in RES 2B, Appendix F in RES 1B). Which of the following appear there? (a) Repeated transfers of large amounts of money abroad accompanied by instructions to pay the beneficiary in cash. (b) A transfer of money to another CMS licence holder without any indication of the beneficiary. (c) Payment orders carrying inaccurate information about the person placing the order. (d) A client who asks for contract notes to be sent to his business address rather than his residential address. Which of the following are CORRECT?

A (b), (c) and (d)
B All of (a), (b), (c) and (d)
C (a), (b) and (c)
D (a) and (d) only

Show the answer and explanation

Answer: C. (a), (b) and (c)

The suspicious transaction examples (RES 2B Appendix E, RES 1B Appendix F), parts 5 and 6, drawn from Appendix B of the Guidelines to MAS Notice SFA 04-N02. Frequent changes to the address or to authorised signatories appear in part 8, but a simple preference for a business mailing address is not on the list. The guide also warns that the list is an aid rather than a routine instrument in place of common sense, and that a combination of situations is more telling than any single one.

Common mistake

The examples flag unidentified beneficiaries and inaccurate payer details, not ordinary mailing preferences.

Practise more RES 1A Prevention of Financial Crimes (AML/CFT) questions

Exam-style questions with worked answers, then full timed mocks. Free to start.

Start practising →

Study note: Prevention of Financial Crimes (AML/CFT)CMFAS RES 1Apractice questions & mock exams

Related CMFAS RES 1A questions

Meridian Capital onboarded Harbourline Pte Ltd in 2023, when its beneficial owner Mr Oh was a private businessman. In August 2026 the firm's periodic database scan flags that Mr Oh has been appointed chief executive of a state-owned corporation. The relationship manager says nothing needs to change because Mr Oh was screened when the account was opened. What must the firm do?A CMI opened an account under its deferred-verification policy so as not to interrupt time-critical trades. On business day 35 after the account was opened, verification is still incomplete. What does the study guide require?Which of the following does the study guide list as red flags at account opening?

Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.

Start practising →

Original study material mapped to the public CMFAS RES 1A syllabus. Unofficial, not endorsed by MAS or IBF. Verify figures and rules against current guidance before relying on them.