CGSS Questions with Complete Solutions
Which of the following has not been used as an official reason for imposing sanctions?
NOT
Raising money for humanitarian relief
Correct
Preventing war
Reinforcing labor rights (Strengthening human rights or labor rights)
Freeing captured citizens
The assassination of a Washington Post reporter in Turkey in 2018 resulted in sanctions under the
provisions of which of the following? Magnitsky Act
Which of the following is not a purpose of sanctions? Alternative to the use of force
Prevent the proliferation of weapons of mass destruction
,Punish human rights abusers
The UN Security Council has set some key criteria for targeting individuals and entities. Which
of the following scenarios is most likely to result in the imposition of Security Council sanctions
against an entity? Violating human rights
Which of the following countries is not a permanent member of the U.N. Security Council?
Russia
France
China
not egypt
The Denied Persons List is a list of people who have been denied which type of privileges?
Export
FinCEN issues a rule designating a Russian bank as a primary money laundering concern. As a
compliance officer at a European financial institution with US correspondent accounts, you
, receive a notice from your US correspondent. What should you do? Escalate the notice to
senior management and general counsel.
Countries with strategic deficiencies in their anti-money laundering and counterterrorism
financing regimes are placed on which of the following maintained by FATF? Greylist
Which of the following statements is true? The European Union makes general exceptions
for acts that are personal in nature.
OFAC's "A Framework for OFAC Compliance Commitments" document identifies which of the
following as the first of five essential compliance components? Management commitment
According to OFAC, the five essential components of an SCP are (1) management commitment;
(2) risk assessment; (3) internal controls; (4) testing and auditing; and (5) training
According to the Wolfsberg Group, the key purpose of a risk assessment is to drive
improvements in financial crime risk management through identifying: the ways in which
general and specific sanctions risks are mitigated by a firm's sanctions compliance program
controls.
Which of the following has not been used as an official reason for imposing sanctions?
NOT
Raising money for humanitarian relief
Correct
Preventing war
Reinforcing labor rights (Strengthening human rights or labor rights)
Freeing captured citizens
The assassination of a Washington Post reporter in Turkey in 2018 resulted in sanctions under the
provisions of which of the following? Magnitsky Act
Which of the following is not a purpose of sanctions? Alternative to the use of force
Prevent the proliferation of weapons of mass destruction
,Punish human rights abusers
The UN Security Council has set some key criteria for targeting individuals and entities. Which
of the following scenarios is most likely to result in the imposition of Security Council sanctions
against an entity? Violating human rights
Which of the following countries is not a permanent member of the U.N. Security Council?
Russia
France
China
not egypt
The Denied Persons List is a list of people who have been denied which type of privileges?
Export
FinCEN issues a rule designating a Russian bank as a primary money laundering concern. As a
compliance officer at a European financial institution with US correspondent accounts, you
, receive a notice from your US correspondent. What should you do? Escalate the notice to
senior management and general counsel.
Countries with strategic deficiencies in their anti-money laundering and counterterrorism
financing regimes are placed on which of the following maintained by FATF? Greylist
Which of the following statements is true? The European Union makes general exceptions
for acts that are personal in nature.
OFAC's "A Framework for OFAC Compliance Commitments" document identifies which of the
following as the first of five essential compliance components? Management commitment
According to OFAC, the five essential components of an SCP are (1) management commitment;
(2) risk assessment; (3) internal controls; (4) testing and auditing; and (5) training
According to the Wolfsberg Group, the key purpose of a risk assessment is to drive
improvements in financial crime risk management through identifying: the ways in which
general and specific sanctions risks are mitigated by a firm's sanctions compliance program
controls.
