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CGSS EXAM comprehensive questions and verified
answers ACTUAL EXAM 2026 TEST!! Graded A+ |
2026|2027 EXAM UPDATE
What was the first recognized global body to impose sanctions
......ANSWER......League of Nations
The power to deploy sanctions are included: ......ANSWER......in the
League of Nations Covenants.
The power to deploy sanctions was included in the League's Covenant.
Article 16 of the Covenant authorized economic sanctions and military
actions against any state that employs wa
One of the first recorded instances of sanctions was the:
......ANSWER......Megarian Decree.
One of the first recorded instances of sanctions dates back to the fifth
century BC. With the Megarian Decree in 432 BC, the Athenians levied
economic sanctions, banning citizens of Megara from accessing markets
in the Athenian empire
The Non-Proliferation Treaty is intended to prevent the spread of
nuclear weapons and technology and promote peaceful uses of which
of the following? ......ANSWER......Nuclear energy
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The NPT solidified the international community's commitment to
preventing the spread of nuclear weapons.
Its goal is to create a binding commitment of disarmament by the five
declared nuclear-weapon states and to promote the peaceful use of
nuclear technology while preventing the spread of nuclear weapons
and weapons technology
The Magnitsky Act allows the US government to freeze the assets of
and ban entry of any foreign official implicated in which of the
following? ......ANSWER......Human rights violation
Which of the following best describes the Financial Action Task Force's
Mutual Evaluation Reports? ......ANSWER......Reports that evaluate a
country's compliance with FATF's recommendations
A US consultant is in Beijing, China working on a project for a major
Chinese financial institution, and is asked how to set up a sanctions
compliance program to engage in trade-related transactions with the
country of Iran. The US consultant drafts a sanctions compliance
framework and delivers it to the client. The consultant is most likely
engaged in: ......ANSWER......Facilitation.
KEY TAKEAWAYS • Facilitation is a concept that applies to US persons
not directly engaged in sanctioned activity. • Facilitation is a broad
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concept that may encompass a variety of activities, such as overseeing
the transfer of equipment for a non-US person to sanctioned locations.
• US persons are prohibited from making business decisions on behalf
of non-US persons for projects in sanctioned countries. • Providing
technical or advisory expertise for operations in sanctioned countries
may be prohibited as facilitation.
Which of the following describes multiple countries working together to
block trade and issue embargoes against another country?
......ANSWER......Multilateral sanctions
Which of the following is a government's exercise of its authority
beyond its geographical boundaries? ......ANSWER......Extraterritoriality
An SDN deposits US funds into his bank account in Germany with a
German bank. The German bank maintains a nostro account with a US
financial institution in New York. The funds may be subject to forfeiture
according to which 2001 US law? ......ANSWER......The USA PATRIOT Act :
BSA
Section 311 of the USA PATRIOT Act directs the Treasury to designate a
financial institution or jurisdiction as being of "primary money
laundering concern" based on numerous jurisdictional and institutional
factors, including the extent to which the institution is used to facilitate
or promote money laundering
an account that a bank keeps for itself in a bank in another country,
usually in that country's currency
CGSS EXAM comprehensive questions and verified
answers ACTUAL EXAM 2026 TEST!! Graded A+ |
2026|2027 EXAM UPDATE
What was the first recognized global body to impose sanctions
......ANSWER......League of Nations
The power to deploy sanctions are included: ......ANSWER......in the
League of Nations Covenants.
The power to deploy sanctions was included in the League's Covenant.
Article 16 of the Covenant authorized economic sanctions and military
actions against any state that employs wa
One of the first recorded instances of sanctions was the:
......ANSWER......Megarian Decree.
One of the first recorded instances of sanctions dates back to the fifth
century BC. With the Megarian Decree in 432 BC, the Athenians levied
economic sanctions, banning citizens of Megara from accessing markets
in the Athenian empire
The Non-Proliferation Treaty is intended to prevent the spread of
nuclear weapons and technology and promote peaceful uses of which
of the following? ......ANSWER......Nuclear energy
,2|Page
The NPT solidified the international community's commitment to
preventing the spread of nuclear weapons.
Its goal is to create a binding commitment of disarmament by the five
declared nuclear-weapon states and to promote the peaceful use of
nuclear technology while preventing the spread of nuclear weapons
and weapons technology
The Magnitsky Act allows the US government to freeze the assets of
and ban entry of any foreign official implicated in which of the
following? ......ANSWER......Human rights violation
Which of the following best describes the Financial Action Task Force's
Mutual Evaluation Reports? ......ANSWER......Reports that evaluate a
country's compliance with FATF's recommendations
A US consultant is in Beijing, China working on a project for a major
Chinese financial institution, and is asked how to set up a sanctions
compliance program to engage in trade-related transactions with the
country of Iran. The US consultant drafts a sanctions compliance
framework and delivers it to the client. The consultant is most likely
engaged in: ......ANSWER......Facilitation.
KEY TAKEAWAYS • Facilitation is a concept that applies to US persons
not directly engaged in sanctioned activity. • Facilitation is a broad
, 3|Page
concept that may encompass a variety of activities, such as overseeing
the transfer of equipment for a non-US person to sanctioned locations.
• US persons are prohibited from making business decisions on behalf
of non-US persons for projects in sanctioned countries. • Providing
technical or advisory expertise for operations in sanctioned countries
may be prohibited as facilitation.
Which of the following describes multiple countries working together to
block trade and issue embargoes against another country?
......ANSWER......Multilateral sanctions
Which of the following is a government's exercise of its authority
beyond its geographical boundaries? ......ANSWER......Extraterritoriality
An SDN deposits US funds into his bank account in Germany with a
German bank. The German bank maintains a nostro account with a US
financial institution in New York. The funds may be subject to forfeiture
according to which 2001 US law? ......ANSWER......The USA PATRIOT Act :
BSA
Section 311 of the USA PATRIOT Act directs the Treasury to designate a
financial institution or jurisdiction as being of "primary money
laundering concern" based on numerous jurisdictional and institutional
factors, including the extent to which the institution is used to facilitate
or promote money laundering
an account that a bank keeps for itself in a bank in another country,
usually in that country's currency
