CGSS exam lateSt 2026 aCtual QueStiOnS anD VeriFieD
anSWerS (lateSt upDate) a+ GraDe 100%
Guarantee VeriFieD by expertS
What was the first recognized global body to impose sanctions - ANSWER-League of
Nations
The power to deploy sanctions are included: - 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: - 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? - 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? - ANSWER-Human rights violation
Which of the following best describes the Financial Action Task Force's Mutual
Evaluation Reports? - 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: - 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? - ANSWER-Multilateral sanctions
Which of the following is a government's exercise of its authority beyond its
geographical boundaries? - 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? - 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
anSWerS (lateSt upDate) a+ GraDe 100%
Guarantee VeriFieD by expertS
What was the first recognized global body to impose sanctions - ANSWER-League of
Nations
The power to deploy sanctions are included: - 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: - 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? - 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? - ANSWER-Human rights violation
Which of the following best describes the Financial Action Task Force's Mutual
Evaluation Reports? - 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: - 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? - ANSWER-Multilateral sanctions
Which of the following is a government's exercise of its authority beyond its
geographical boundaries? - 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? - 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
