CGSS EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+
Which of the following is not a purpose of sanctions? -
answers-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? - answers-
Violating human rights
,Which of the following countries is not a permanent
member of the U.N. Security Council? - answers-Russia
France
China
not egypt
The Denied Persons List is a list of people who have been
denied which type of privileges? - answers-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? - answers-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? -
answers-Greylist
, Which of the following statements is true? - answers-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? - answers-
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: - answers-the ways in
which general and specific sanctions risks are mitigated by a
firm's sanctions compliance program controls.
Which of the following is true regarding the determination
of a financial institution's risk appetite? - answers-The firm
first needs to define what it considers to be high, medium,
and low risk for customers, products/services, countries,
and delivery channels.
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+
Which of the following is not a purpose of sanctions? -
answers-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? - answers-
Violating human rights
,Which of the following countries is not a permanent
member of the U.N. Security Council? - answers-Russia
France
China
not egypt
The Denied Persons List is a list of people who have been
denied which type of privileges? - answers-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? - answers-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? -
answers-Greylist
, Which of the following statements is true? - answers-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? - answers-
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: - answers-the ways in
which general and specific sanctions risks are mitigated by a
firm's sanctions compliance program controls.
Which of the following is true regarding the determination
of a financial institution's risk appetite? - answers-The firm
first needs to define what it considers to be high, medium,
and low risk for customers, products/services, countries,
and delivery channels.
