CGSS

CGSS practice questions, page 5 of 8, with answer review and explanations.

Question 21

International cooperation on export control lists is enabled by the:

  1. FATF.
  2. Non-proliferation Treaty.
  3. Wolfsberg Group.
  4. Wassenaar Arrangement.

Question 22

Unlike anti-money laundering monitoring, an aim of sanctions monitoring is to:

  1. identify politically exposed persons.
  2. freeze property of designated persons and jurisdictions.
  3. identify information for reporting to appropriate authorities.
  4. uncover assets linked to specified unlawful activity.

Question 23

Which is a benefit of manual screening?

  1. Ability to read unstructured data
  2. Continuous screening
  3. Efficient case management
  4. Speed of screening documents

Question 24

Through what government authority does the US administer and enforce economic sanctions against targeted foreign countries and criminals that are considered a threat to the national security or foreign policy of the US?

  1. Financial Crimes Enforcement Network
  2. US Department of Commerce
  3. US Congress
  4. OFAC

Question 25

The CEO of a global company is named in a criminal accusation alleging that the company, operating next to an area controlled by a sanctioned terrorist group, allowed funds to be paid to the group. This accusation is flagged during customer name-screening by a global financial institution, and the customer relationship is re-evaluated. Which other trigger events would prompt a re-evaluation of the customer relationship? (Choose three.)

  1. An article published in a well-known media outlet by the company’s CEO criticizing the sanctions policies of the US or EU
  2. A sanctions-related fine or enforcement action that is more than five years old
  3. Media reporting than the company is selling a subsidiary in a high-risk jurisdiction
  4. A listing of the company, or the company’s senior leadership, by the UN, the EU, the US, or a body issuing sanctions under whose jurisdiction the bank is subject
  5. Media reporting that the company has acquired a subsidiary doing business in a jurisdiction subject to comprehensive US sanctions
  6. A recent fine or enforcement taken against the company involving a sanctions violation