CGSS EXAM QUESTIONS WITH CORRECT
ANSWERS
What was the first recognized global body to impose sanctions - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-League of Nations | |
The power to deploy sanctions are included: - CORRECT ANSWER✔✔-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: - CORRECT ANSWER✔✔-
| | | | | | | | | | | |
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? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-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? - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-Human rights violation | |
Which of the following best describes the Financial Action Task Force's Mutual
| | | | | | | | | | | |
Evaluation Reports? - CORRECT ANSWER✔✔-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: - CORRECT ANSWER✔✔-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? - CORRECT ANSWER✔✔-
| | | | | | | | |
Multilateral sanctions |
Which of the following is a government's exercise of its authority beyond its
| | | | | | | | | | | | |
geographical boundaries? - CORRECT ANSWER✔✔-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? - CORRECT ANSWER✔✔-The USA PATRIOT Act : BSA
| | | | | | | |
Section 311 of the USA PATRIOT Act 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
| | | | | | | | |
an account that a bank keeps for itself in a bank in another country, usually in
| | | | | | | | | | | | | | | |
that country's currency
| |
Which of the following is the most common type of sanctions imposed by one
| | | | | | | | | | | | | |
nation upon another? | |
Trade - CORRECT ANSWER✔✔-Trade
| | |
mposing trade sanctions that limit the target country's exports or restrict its
| | | | | | | | | | | |
imports
ANSWERS
What was the first recognized global body to impose sanctions - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-League of Nations | |
The power to deploy sanctions are included: - CORRECT ANSWER✔✔-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: - CORRECT ANSWER✔✔-
| | | | | | | | | | | |
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? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-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? - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-Human rights violation | |
Which of the following best describes the Financial Action Task Force's Mutual
| | | | | | | | | | | |
Evaluation Reports? - CORRECT ANSWER✔✔-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: - CORRECT ANSWER✔✔-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? - CORRECT ANSWER✔✔-
| | | | | | | | |
Multilateral sanctions |
Which of the following is a government's exercise of its authority beyond its
| | | | | | | | | | | | |
geographical boundaries? - CORRECT ANSWER✔✔-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? - CORRECT ANSWER✔✔-The USA PATRIOT Act : BSA
| | | | | | | |
Section 311 of the USA PATRIOT Act 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
| | | | | | | | |
an account that a bank keeps for itself in a bank in another country, usually in
| | | | | | | | | | | | | | | |
that country's currency
| |
Which of the following is the most common type of sanctions imposed by one
| | | | | | | | | | | | | |
nation upon another? | |
Trade - CORRECT ANSWER✔✔-Trade
| | |
mposing trade sanctions that limit the target country's exports or restrict its
| | | | | | | | | | | |
imports
