CERTIFIED GLOBAL SANCTION SPECIALIST CGSS CHAPTER 1 EXAM REVIEW SOLVED
QUESTIONS COMPLETE ANSWERS GRADED A PLUS
Certified Global Sanction Specialist CGSS Chapter 1
TEST Paper 2026/2027 Questions and Answers
Verified Solutions Latest Update
Question:
What are sanctions meant to do?
Answer:
They can restrict trade, financial transactions, diplomatic relations, and movement. They can be
specific or general in their implementation and enforcement. Sanctions are also referred to as
restrictive measures.
Question:
What is sanctions compliance?
Answer:
the act of adhering to the sanctions-related legislation, regulations, rules, and norms that make up
the complex sanctions landscape. However, as with sanctions, sanctions compliance is not a modern
concept.
Question:
What was one of the first recorded instances of sanctions
Answer:
The Megarian Decree in 432 BC, the Athenians levied economic sanctions, banning citizens of
Megara from accessing markets in the Athenian empire. There were a few reports that Megarian
citizens suffered starvation, and some people believe these sanctions led to the outbreak of the
Second Peloponnesian War.
Question:
How can sanctions be used to change a nation's behavior?
,Answer:
The are intended to affect behavioral change1) Deterrence 2) Prevention 3) Punishment
Question:
What do geographic sanctions target?
Answer:
They target specific countries or regions, as in the cases of sanctions against North Korea or Crimea
Question:
What do thematic sanctions focus on?
Answer:
they focus on particular issues or concerns that may cut across geographic boundaries, as in the case
of counter- narcotics sanctions.
Question:
What are some of the purposes of sanctions?
Answer:
Protect human rights, avoid military force, prevent war, promote democratic values, punish human
rights abusers, prevent nuclear proliferation & proliferation of WMDs, freeing of captured citizens,
and restoration of sovereign lands.
Question:
What are sanction regimes?
Answer:
A set of sanctions that have a common theme. They are either referred to by the issuer of the set of
sanctions or by the intended purpose of the set of sanctions. Depending on context, they may be
limited to one country's or multiple countries' involvement.
,Question:
What are Autonomous sanctions
Answer:
ccur when a single entity, whether a government, such as Australia, or a coalition of governments,
such as the EU, acts to enforce a sanctions regime
Question:
What are some of the UN Security Council's key criteria for targeting individuals and entities?
Answer:
1) Threats to peace, security, or stability 2) Violations of human rights and international
humanitarian law 3) Obstructing humanitarian aid 4) Recruiting or using children in armed conflicts
Question:
What does Section 311 of the USA PATRIOT Act do?
Answer:
It 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.
Question:
What is The Consolidated Screening List (CLS)?
Answer:
a list of parties for which the United States Government maintains restrictions on certain exports,
reexports, or transfers of items.
Question:
What is a Fuzzy Name Search?
Answer:
, CSL returns a "score" for results that exactly or nearly match the searched name. This is particularly
helpful when searching on CSL for names that have been translated into English from non-Latin
alphabet languages.
Question:
List at least five mandatory sanctions lists that must be screened against.
Answer:
• Targets designated by the United Nations Security Council Resolutions (UNSCR). • Local
sanctions regimes (depending on the country). • EU lists (if the firm is in Europe). • US lists, host
country's lists, lists of the financial institution's parent company's country (if the firm is a branch or
subsidiary of an organization outside of the host country) • Lists of major jurisdictions with which
the organization trades. • Lists of other neighboring countries, especially if the financial institution
uses their currency.
Question:
Who must comply with OFAC regulations?
Answer:
1 - US citizens and permanent residents wherever located 2 - Companies and other entities
organized under US law 3 - All people and organizations, whatever their origin, physically in the
United States; and 4 - All branches of US companies and other entities throughout the world
Question:
According to the Framework of the EU Common Foreign and Security Policy, when can sanctions
be imposed?
Answer:
They apply only where links to the EU are present, including: 1- Within the territory of the
(European) Union, including its airspace 2- On board any aircraft or any vessel under the
jurisdiction of a Member State 3 - To any person inside or outside the territory of the (European)
Union who is a national of a Member State 4 - To any legal person, entity or body, inside or outside
the territory of the (European) Union, which is incorporated or constituted under the law of a
Member State To any legal person, entity or body in respect of any business done in whole or in part
within the (European) Union
QUESTIONS COMPLETE ANSWERS GRADED A PLUS
Certified Global Sanction Specialist CGSS Chapter 1
TEST Paper 2026/2027 Questions and Answers
Verified Solutions Latest Update
Question:
What are sanctions meant to do?
Answer:
They can restrict trade, financial transactions, diplomatic relations, and movement. They can be
specific or general in their implementation and enforcement. Sanctions are also referred to as
restrictive measures.
Question:
What is sanctions compliance?
Answer:
the act of adhering to the sanctions-related legislation, regulations, rules, and norms that make up
the complex sanctions landscape. However, as with sanctions, sanctions compliance is not a modern
concept.
Question:
What was one of the first recorded instances of sanctions
Answer:
The Megarian Decree in 432 BC, the Athenians levied economic sanctions, banning citizens of
Megara from accessing markets in the Athenian empire. There were a few reports that Megarian
citizens suffered starvation, and some people believe these sanctions led to the outbreak of the
Second Peloponnesian War.
Question:
How can sanctions be used to change a nation's behavior?
,Answer:
The are intended to affect behavioral change1) Deterrence 2) Prevention 3) Punishment
Question:
What do geographic sanctions target?
Answer:
They target specific countries or regions, as in the cases of sanctions against North Korea or Crimea
Question:
What do thematic sanctions focus on?
Answer:
they focus on particular issues or concerns that may cut across geographic boundaries, as in the case
of counter- narcotics sanctions.
Question:
What are some of the purposes of sanctions?
Answer:
Protect human rights, avoid military force, prevent war, promote democratic values, punish human
rights abusers, prevent nuclear proliferation & proliferation of WMDs, freeing of captured citizens,
and restoration of sovereign lands.
Question:
What are sanction regimes?
Answer:
A set of sanctions that have a common theme. They are either referred to by the issuer of the set of
sanctions or by the intended purpose of the set of sanctions. Depending on context, they may be
limited to one country's or multiple countries' involvement.
,Question:
What are Autonomous sanctions
Answer:
ccur when a single entity, whether a government, such as Australia, or a coalition of governments,
such as the EU, acts to enforce a sanctions regime
Question:
What are some of the UN Security Council's key criteria for targeting individuals and entities?
Answer:
1) Threats to peace, security, or stability 2) Violations of human rights and international
humanitarian law 3) Obstructing humanitarian aid 4) Recruiting or using children in armed conflicts
Question:
What does Section 311 of the USA PATRIOT Act do?
Answer:
It 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.
Question:
What is The Consolidated Screening List (CLS)?
Answer:
a list of parties for which the United States Government maintains restrictions on certain exports,
reexports, or transfers of items.
Question:
What is a Fuzzy Name Search?
Answer:
, CSL returns a "score" for results that exactly or nearly match the searched name. This is particularly
helpful when searching on CSL for names that have been translated into English from non-Latin
alphabet languages.
Question:
List at least five mandatory sanctions lists that must be screened against.
Answer:
• Targets designated by the United Nations Security Council Resolutions (UNSCR). • Local
sanctions regimes (depending on the country). • EU lists (if the firm is in Europe). • US lists, host
country's lists, lists of the financial institution's parent company's country (if the firm is a branch or
subsidiary of an organization outside of the host country) • Lists of major jurisdictions with which
the organization trades. • Lists of other neighboring countries, especially if the financial institution
uses their currency.
Question:
Who must comply with OFAC regulations?
Answer:
1 - US citizens and permanent residents wherever located 2 - Companies and other entities
organized under US law 3 - All people and organizations, whatever their origin, physically in the
United States; and 4 - All branches of US companies and other entities throughout the world
Question:
According to the Framework of the EU Common Foreign and Security Policy, when can sanctions
be imposed?
Answer:
They apply only where links to the EU are present, including: 1- Within the territory of the
(European) Union, including its airspace 2- On board any aircraft or any vessel under the
jurisdiction of a Member State 3 - To any person inside or outside the territory of the (European)
Union who is a national of a Member State 4 - To any legal person, entity or body, inside or outside
the territory of the (European) Union, which is incorporated or constituted under the law of a
Member State To any legal person, entity or body in respect of any business done in whole or in part
within the (European) Union
