ACAMS Certified Global Sanctions Specialist (CGSS) Exam Questions

  Edina  11-21-2022

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ACAMS Certified Global Sanctions Specialist (CGSS) Exam

The ACAMS Certified Global Sanctions Specialist (CGSS) certification is the global program for equipping professionals with the tools they need to understand and interpret changing sanctions regimes. CGSS focuses on concepts, legal frameworks, regulator expectations, and established best practices in global sanctions. Become certified in as little as four months.

Exam Details

Duration: 175 minutes
Format: Multiple-choice
Number of questions: 100
Passing score: 62.5%
Languages: English, Arabic, French

Exam Domains

Governance and Enforcement (25%)
Sanctions Evasion Techniques (17.5%)
Sanctions Due Diligence (20%)
Sanctions Screening (20%)
Sanctions Investigations and Asset Freezing (17.5%)

View Online ACAMS Certified Global Sanctions Specialist (CGSS) Free Questions

1. 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
Answer: A,B,D

2. 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
Answer: B,C,D

3. 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
C. The Act does not change the procedure for imposing Rule 11 sanctions and it makes sanctions mandatory, removing any discretion from the district courts
D. The Act does not presume that the opposing party’s attorneys’ fees will be the sanction, rejecting the focus on deterrence reflected in Rule 11
Answer: A,B

4. Information must be which of the following in order to be useful?
A. Definable
B. Accessible
C. Measurable
D. Comparable
E. Justifiable
Answer: A,B,C,D

5. Which of the following tasks has been demanded or needed to be carried out by the committees among tasks related to enhancing the enforcement of sanctions?
A. Assisting States in tracking and freezing financial penalties.
B. Sending a mission led by the committee neutral observer to the region in which the target is headquartered.
C. Hear the case to assess the role of trade in diamonds in fuelling conflict in the target.
D. Seek the anti-cooperation of states adjacent to the objective of the inefficient implementation of sanctions.
Answer: A,C

6. What caused the de-risking of banks for humanitarian sanctions?
A. Insurance and safety
B. UNs disapproval
C. Hurdle during online payments
D. United States disapproval
E. Civil not allowing imports to their country
Answer: A,C

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