CGSS EXAM LATEST UPDATE 2026 WITH
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS || A+ GRADED
What was the first recognized global body to impose sanctions -CORRECTANSWER
League of Nations
The power to deploy sanctions are included: -CORRECTANSWER 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: -CORRECTANSWER
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? -CORRECTANSWER
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? -CORRECTANSWER Human
rights violation
Which of the following best describes the Financial Action Task Force's Mutual
Evaluation Reports? -CORRECTANSWER 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: -CORRECTANSWER 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? -CORRECTANSWER Multilateral sanctions
Which of the following is a government's exercise of its authority beyond its
geographical boundaries? -CORRECTANSWER 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? -
CORRECTANSWER The USA PATRIOT Act : BSA
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS || A+ GRADED
What was the first recognized global body to impose sanctions -CORRECTANSWER
League of Nations
The power to deploy sanctions are included: -CORRECTANSWER 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: -CORRECTANSWER
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? -CORRECTANSWER
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? -CORRECTANSWER Human
rights violation
Which of the following best describes the Financial Action Task Force's Mutual
Evaluation Reports? -CORRECTANSWER 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: -CORRECTANSWER 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? -CORRECTANSWER Multilateral sanctions
Which of the following is a government's exercise of its authority beyond its
geographical boundaries? -CORRECTANSWER 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? -
CORRECTANSWER The USA PATRIOT Act : BSA
