CACS Paper 1 (Set 2)
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4 Feb 2026
CACS Paper 1 Mock Question:
Shares of a Private Trust Company (PTC) held by a Purpose Trust are ultimately owned by the:
a) Company Directors
b) Trustee
c) Settlor
d) There is no ultimate owner of the shares
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CACS Paper 1 (Set 1)
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4 Feb 2026
CACS Paper 1 Mock Question:A Covered Person of a Covered Entity is not allowed to be an appointed representative of more than one principal:
a) unless their principals are related corporations.
b) unless they work in a specialised unit serving High Net Worth Individuals (HNWIs) only.
c) unless they solely conduct venture capital fund management.
d) under all circumstances.
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M1B (Set 1)
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4 Feb 2026
CMFAS M1B Mock Question:A person who is aware of an investigation regarding a money laundering case and discloses to any other person information which is likely to prejudice the investigation is guilty of a:
a) money laundering offence.
b) tipping-off offence.
c) suspicious transaction reporting (STR) offence.
d) failure to comply with Production Order offence.
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M1B (Set 2)
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4 Feb 2026
CMFAS M1B Mock Question:Which stage of the money laundering process refers to the creation of financial transactions designed to disguise the audit trail of money laundering?
a) Placement stage
b) Layering stage
c) Integration stage
d) Transfer stage
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M6A (Set 1)
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4 Feb 2026
CMFAS M6A Mock Question:Which of the following types of orders is filled immediately at the best possible price?
a) Limit Order
b) Market Order
c) Stop Order
d) Market-if-Touched Order
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BCP Set B
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4 Feb 2026
BCP Mock Question:Which of the following statements regarding insurable interest is incorrect?
a) There must be some property, rights, interest or potential liability capable of being insured.
b) The property, rights, interest or potential liability must be the subject matter of the insurance.
c) The insured must not stand in a relationship, recognized by law, with the subject matter of the insurance.
d) The proposer must benefit from the continued existence of the subject matter of the contract or be prejudiced by its loss.