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CGSS EXAM QUESTIONS AND ANSWERS
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CGSS EXAM QUESTIONS AND ANSWERS
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CGSS EXAM QUESTIONS AND ANSWERSACAMS Certified Global Sanctions Specialist (CGSS) certification - Answers-CGSS is
an ACAMS certification that equips an organisation's workforce with a credential that
represents a serious commitment to compliance with sanctions, in a world of
increasingly complex laws, regulations, and policies. CGSS is global, allowing
multinational institutions to strategically and uniformly apply the same programme for all
global employees.
ACAMS Certified Global Sanctions Specialist (CGSS) Exam - Answers-Duration: 175
minutes
Format: Multiple-choice
Number of questions: 100
Passing score: 62.5%
Languages: English, Arabic, French
Exam Domains: - Answers-Governance and Enforcement (25%)
Sanctions Evasion Techniques (17.5%)
Sanctions Due Diligence (20%)
Sanctions Screening (20%)
Sanctions Investigations and Asset Freezing (17.5%)
Financial sanctions are restrictions put in place by the UN, EU or UK to do which of the
following?
A. Limit the provision of certain financial services
B. Restrict access to financial markets
C. Limit the amount of sanctioned trades
D. Restrict access to funds and economic resources
E. Conserve sudden financial spikes in the economy - Answers-Answer: A,B,D
A relevant institutions must inform OFSI without delay whenever it credits a frozen
account with which of the following?
A. Payments made without the prior consent of the legal person or designated person
B. Payments due under prior contracts
C. Funds transferred to an account by a third party
D. Payments made under judicial decisions rendered in an EU member state
E. Funds dealing with breaches of licensing conditions - Answers-Answer: B,C,D
Which of the following highlights how the Act is different from Rule 11 as amended in
1993?
A. The Act changes the procedure for imposing Rule 11 sanctions and it makes
sanctions mandatory, removing any discretion from the district courts
B. The Act presumes that the opposing party's attorneys' fees will be the sanction,
rejecting the focus on deterrence reflected in Rule 11
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