COMPLETE QUESTIONS AND CORRECT
ANSWERS GRADED A+
●● What is Sanctions Compliance?
Answer: Sanctions compliance is the act of adhering to the sanctions-
related legislation, regulations, rules, and norms that make up the
sanctions landscape.
●● What are Economic Sanctions?
Answer: Economic sanctions are the withdrawal of customary trade and
financial relations for foreign and security related purposes.
●● What is an Embargo?
Answer: A government instituted prevention of exports to a certain
country.
●● What is a Boycott?
Answer: Restriction on or cessation of trading with a nation or bloc of
nations.
●● What are Multi-Lateral Sanctions?
,Answer: When multiple countries work together to impose sanctions on
another country.
●● Uni-Lateral Sanctions
Answer: Sanctions imposed on another country by a single country.
●● What are Sanctions Regimes?
Answer: Sanctions regimes are a set of sanctions that have a common
theme.
●● What do sanctions attempt to do?
Answer: Sanctions attempt to change behavior through deterrence,
prevention and punishment.
●● Influence Actions:
- Military
- Freedom and Democracy
(Sanctions have been used in response to perceived breaches of many
different types of international standards and for various purposes.)
Answer: Purpose:
,- Disrupting Military Adventures.
- Hastening the Achievement of Freedom and Democracy.
●● Influence Actions:
- Environmental
- Nuclear
(Sanctions have been used in response to perceived breaches of many
different types of international standards and for various purposes.)
Answer: Purpose:
- Cleaning up the environment.
- Nuclear proliferation.
●● Influence Actions:
- Human Rights
- Free Citizens
- Land
(Sanctions have been used in response to perceived breaches of many
different types of international standards and for various purposes.)
, Answer: Purpose:
- Strengthening human or labor rights.
- The freeing of captured citizens.
- The reversal of captures of land.
●● Influence Actions:
- Money Laundering
- Terrorist Financing
- Illegal Goods
(Sanctions have been used in response to perceived breaches of many
different types of international standards and for various purposes.)
Answer: Purpose:
- Reduction in money laundering and terrorist financing.
- Reduction in trafficking of illegal goods.
●● What is the ILSA?
Answer: The Iran and Libya Sanctions Act which became law in 1996.
Act by US Congress that imposed economic sanctions on firms doing