Certified Global Sanctions Specialist
(CGSS) EXAM comprehensive
Questions and verified answers
What was the first recognized global body to impose sanctions
League of Nations
The power to deploy sanctions are included:
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 war
One of the first recorded instances of sanctions was the:
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?
Nuclear energy
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?
Human rights violation
Which of the following best describes the Financial Action Task Force's Mutual
Evaluation Reports?
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:
Facilitation.
KEY TAKEAWAYS • Facilitation is a concept that applies to US persons not directly
engaged in sanctioned activity. • Facilitation is a broad 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?
Multilateral sanctions
Which of the following is a government's exercise of its authority beyond its
geographical boundaries?
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?
(CGSS) EXAM comprehensive
Questions and verified answers
What was the first recognized global body to impose sanctions
League of Nations
The power to deploy sanctions are included:
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 war
One of the first recorded instances of sanctions was the:
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?
Nuclear energy
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?
Human rights violation
Which of the following best describes the Financial Action Task Force's Mutual
Evaluation Reports?
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:
Facilitation.
KEY TAKEAWAYS • Facilitation is a concept that applies to US persons not directly
engaged in sanctioned activity. • Facilitation is a broad 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?
Multilateral sanctions
Which of the following is a government's exercise of its authority beyond its
geographical boundaries?
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?
