CGSS Exam Questions and Answers
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What is the purpose of Sanctions - ✔✔Sanctions are measures or actions taken against a
target to influence its behavior, policies, and/or actions. Sanctions can restrict trade,
financial transactions, diplomatic relations, and movement. Also referred to as
restrictive measures, sanctions can be specific or general in their implementation and
enforcement.
What is sanctions compliance - ✔✔Sanctions compliance is the act of adhering to the
sanctions related legislations, regulations, rules, and norms that make up the complex
sanctions landscape.
Define embargo - ✔✔An embargo is an official government action to ban trade or
commercial activity with a specific country, sometimes involving specific trade product.
(e.g., a grain embargo or an oil embargo)
How do blockades differ from sanctions - ✔✔Blockades involve the deployment of
military resources by land, air, or sea by a country or coalition to prevent the movement
of goods or people into or out of a targeted country. Sanctions, on the other hand,
involve legal actions that are punitive or restrictive.
What is the intended impact of economic sanctions on targets - ✔✔Economic sanctions,
which include trade sanctions and financial sanctions, are intended to impact targets by
limiting the target country's exports, restricting its imports, or impeding finance
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,(including reducing aid). Economic sanctions apply to property, a term that is very
broadly defined to include much more than money and trade goods. In the US, the term
"property" and "property interest" include checks, merchandise, trademarks, annuities,
and a broad array of other interests, as defined in US law. This broad definition
includes virtually all financial or commerce activity. Although there are sanctions, such
as travel bans, that do not involve property, economic sanctions have by far the most
implications for sanctions compliance programs.
How do thematic sanctions differ from economic sanctions - ✔✔Sanctions can target
activities or geography. Thematic sanctions focus on particular issues or concerns that
may cut across geographic boundaries, such as counter-narcotics sanctions. In contrast,
geographic sanctions target specific counties or regions, such as North Korea or Crimea.
Examples of thematic sanctions include the strengthening of human or labor rights,
freeing of captured citizens, and reversal of land captures. Although the EU has
historically imposed geographic sanctions, in recent years, it has also adopted thematic
sanctions, including those promoting human rights.
UNSC Criteria - ✔✔• Threats to peace, security, stability
• Violations of human rights and international humanitarian law
• Obstructing humanitarian aid
• Recruiting or using children in armed conflicts
What is a sanctions regime - ✔✔A sanctions regime is a set of sanctions that have a
common nexus or theme. Sanctions regimes are either referred to by the issuer of the set
of sanctions or by the intended purpose of the set of sanctions. For example, the "OFAC
sanctions regime" or the "North Korea sanctions regime." Depending on the context, a
sanctions regime may be limited to unilateral sanctions or may include multilateral
sanctions.
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,What is the role of the International Atomic Energy Agency (IAEA)? - ✔✔The UN's
Treaty on the Non-Proliferation of Nuclear Weapons (NPT) established the
International Atomic Energy Agency (IAEA) to monitor compliance with the terms of
the treaty. The IAEA periodically inspects the facilities and operations of member
nations that have concluded nuclear safeguards agreements with the Agency. It seeks to
build confidence and trust among member nations, which helps to prevent the
development of fissile material for military use.
What is the Non-Proliferation Treaty (NPT)? - ✔✔The UN's Treaty on the Non-
Proliferation of Nuclear Weapons, commonly known as the Non-Proliferation Treaty
(NPT), was signed in 1968 and went into effect in March 1970. The NPT solidified the
commitment of signing countries to prevent the spread of nuclear weapons. Its goal was
to minimize the risk of the use of nuclear weapons in conflict, which could result in
significant destruction. Likewise, the NPT sought to keep the weapons out of the hands
of rogue nations and terrorists.
What is the goal of the kimberley process certification scheme? - ✔✔The Kimberley
Process Certification Scheme
was established by the UN in 2003 to establish trade controls over conflict diamonds
(i.e., uncut diamonds mined in an area of armed conflict and traded illicitly to finance
the fighting). Within the process, governments are required to implement controls on
the import and export of diamonds to certify and control the trade, as well as create a
documentary trail as to the extraction and refinement processes.
What precipitated passage of the Magnitsky Act in the US? - ✔✔In the US, the
Magnitsky Act allows for unilateral, global sanctions to be imposed on human rights
offenders and corrupt actors. Assets can be frozen and offenders can be barred from
entering the US.
100% Pass Guarantee Emily Charlene All Rights Reserved © 2025 3
, The act originated from the mistreatment of attorney and auditor Sergei Magnitsky by
Russian officials while he was in a Moscow prison for investigating fraud related to
Russian tax officials. The law allows the US to sanction foreign government officials
involved in human rights abuses anywhere in the world, including those found
involved with the assassination of the Washington Post reporter Jamal Khashoggi in
2018.
Define the concept of money laundering - ✔✔Money laundering is the process of
concealing or disguising the existence, source, movement, destination, or illegal
application of illicitly derived property or funds to make them appear legitimate.
Money laundering typically involves a three-part system: placement of funds into a
financial system; layering of transactions to disguise the source, ownership, and
location of the funds; and integration of the funds into society in the form of holdings
that appear legitimate. The definition of money laundering varies in each country
where it is recognized as a crime.
What is the significance of the USA Patriot act to the field of anti-money laundering? -
✔✔The Uniting and Strengthening America by Providing Appropriate Tools Required
to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act) was enacted on
October 26, 2001. This historic US law brought about momentous changes in the anti-
money laundering field, including more than 50 amendments to the Bank Secrecy Act.
Title III of the act, the International Money Laundering Abatement and Anti-Terrorist
Financing Act of 2001, contains most, but not all, of its anti-money laundering-related
provisions.
How do sanctions relate to terrorist activities? - ✔✔Terrorist organizations require
funding for training, recruiting, and paying stipends to terrorists and their surviving
family members. Although terrorist groups may not be dissuaded by sanctions from
pursuing their agendas, the use of economic sanctions can dissuade states from
providing refuge and material support to terrorist groups.
100% Pass Guarantee Emily Charlene All Rights Reserved © 2025 4
100% Pass
What is the purpose of Sanctions - ✔✔Sanctions are measures or actions taken against a
target to influence its behavior, policies, and/or actions. Sanctions can restrict trade,
financial transactions, diplomatic relations, and movement. Also referred to as
restrictive measures, sanctions can be specific or general in their implementation and
enforcement.
What is sanctions compliance - ✔✔Sanctions compliance is the act of adhering to the
sanctions related legislations, regulations, rules, and norms that make up the complex
sanctions landscape.
Define embargo - ✔✔An embargo is an official government action to ban trade or
commercial activity with a specific country, sometimes involving specific trade product.
(e.g., a grain embargo or an oil embargo)
How do blockades differ from sanctions - ✔✔Blockades involve the deployment of
military resources by land, air, or sea by a country or coalition to prevent the movement
of goods or people into or out of a targeted country. Sanctions, on the other hand,
involve legal actions that are punitive or restrictive.
What is the intended impact of economic sanctions on targets - ✔✔Economic sanctions,
which include trade sanctions and financial sanctions, are intended to impact targets by
limiting the target country's exports, restricting its imports, or impeding finance
100% Pass Guarantee Emily Charlene All Rights Reserved © 2025 1
,(including reducing aid). Economic sanctions apply to property, a term that is very
broadly defined to include much more than money and trade goods. In the US, the term
"property" and "property interest" include checks, merchandise, trademarks, annuities,
and a broad array of other interests, as defined in US law. This broad definition
includes virtually all financial or commerce activity. Although there are sanctions, such
as travel bans, that do not involve property, economic sanctions have by far the most
implications for sanctions compliance programs.
How do thematic sanctions differ from economic sanctions - ✔✔Sanctions can target
activities or geography. Thematic sanctions focus on particular issues or concerns that
may cut across geographic boundaries, such as counter-narcotics sanctions. In contrast,
geographic sanctions target specific counties or regions, such as North Korea or Crimea.
Examples of thematic sanctions include the strengthening of human or labor rights,
freeing of captured citizens, and reversal of land captures. Although the EU has
historically imposed geographic sanctions, in recent years, it has also adopted thematic
sanctions, including those promoting human rights.
UNSC Criteria - ✔✔• Threats to peace, security, stability
• Violations of human rights and international humanitarian law
• Obstructing humanitarian aid
• Recruiting or using children in armed conflicts
What is a sanctions regime - ✔✔A sanctions regime is a set of sanctions that have a
common nexus or theme. Sanctions regimes are either referred to by the issuer of the set
of sanctions or by the intended purpose of the set of sanctions. For example, the "OFAC
sanctions regime" or the "North Korea sanctions regime." Depending on the context, a
sanctions regime may be limited to unilateral sanctions or may include multilateral
sanctions.
100% Pass Guarantee Emily Charlene All Rights Reserved © 2025 2
,What is the role of the International Atomic Energy Agency (IAEA)? - ✔✔The UN's
Treaty on the Non-Proliferation of Nuclear Weapons (NPT) established the
International Atomic Energy Agency (IAEA) to monitor compliance with the terms of
the treaty. The IAEA periodically inspects the facilities and operations of member
nations that have concluded nuclear safeguards agreements with the Agency. It seeks to
build confidence and trust among member nations, which helps to prevent the
development of fissile material for military use.
What is the Non-Proliferation Treaty (NPT)? - ✔✔The UN's Treaty on the Non-
Proliferation of Nuclear Weapons, commonly known as the Non-Proliferation Treaty
(NPT), was signed in 1968 and went into effect in March 1970. The NPT solidified the
commitment of signing countries to prevent the spread of nuclear weapons. Its goal was
to minimize the risk of the use of nuclear weapons in conflict, which could result in
significant destruction. Likewise, the NPT sought to keep the weapons out of the hands
of rogue nations and terrorists.
What is the goal of the kimberley process certification scheme? - ✔✔The Kimberley
Process Certification Scheme
was established by the UN in 2003 to establish trade controls over conflict diamonds
(i.e., uncut diamonds mined in an area of armed conflict and traded illicitly to finance
the fighting). Within the process, governments are required to implement controls on
the import and export of diamonds to certify and control the trade, as well as create a
documentary trail as to the extraction and refinement processes.
What precipitated passage of the Magnitsky Act in the US? - ✔✔In the US, the
Magnitsky Act allows for unilateral, global sanctions to be imposed on human rights
offenders and corrupt actors. Assets can be frozen and offenders can be barred from
entering the US.
100% Pass Guarantee Emily Charlene All Rights Reserved © 2025 3
, The act originated from the mistreatment of attorney and auditor Sergei Magnitsky by
Russian officials while he was in a Moscow prison for investigating fraud related to
Russian tax officials. The law allows the US to sanction foreign government officials
involved in human rights abuses anywhere in the world, including those found
involved with the assassination of the Washington Post reporter Jamal Khashoggi in
2018.
Define the concept of money laundering - ✔✔Money laundering is the process of
concealing or disguising the existence, source, movement, destination, or illegal
application of illicitly derived property or funds to make them appear legitimate.
Money laundering typically involves a three-part system: placement of funds into a
financial system; layering of transactions to disguise the source, ownership, and
location of the funds; and integration of the funds into society in the form of holdings
that appear legitimate. The definition of money laundering varies in each country
where it is recognized as a crime.
What is the significance of the USA Patriot act to the field of anti-money laundering? -
✔✔The Uniting and Strengthening America by Providing Appropriate Tools Required
to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act) was enacted on
October 26, 2001. This historic US law brought about momentous changes in the anti-
money laundering field, including more than 50 amendments to the Bank Secrecy Act.
Title III of the act, the International Money Laundering Abatement and Anti-Terrorist
Financing Act of 2001, contains most, but not all, of its anti-money laundering-related
provisions.
How do sanctions relate to terrorist activities? - ✔✔Terrorist organizations require
funding for training, recruiting, and paying stipends to terrorists and their surviving
family members. Although terrorist groups may not be dissuaded by sanctions from
pursuing their agendas, the use of economic sanctions can dissuade states from
providing refuge and material support to terrorist groups.
100% Pass Guarantee Emily Charlene All Rights Reserved © 2025 4
