CGSS Question and Answers pdf dumps

1. Acams CGSS Certified Global Sanctions Specialist Questions & Answers PDF (Demo Version – Limited Content) For More Information – Visit link below: https://p2pexam.com/ Visit us at: https://p2pexam.com/cgss

2. Latest Version: 6.0 Question: 1 Financial sanctions are restrictions put in place by the UN, EU or UK to do which of the following? A. Limit the provision of certain financial services B. Restrict access to financial markets C. Limit the amount of sanctioned trades D. Restrict access to funds and economic resources E. Conserve sudden financial spikes in the economy Answer: A,B,D Explanation: Financial sanctions are restrictions put in place by the UN, EU or UK to achieve a specific foreign policy or national security objective. They can: • limit the provision of certain financial services • restrict access to financial markets, funds and economic resources. Question: 2 Financial sanctions are generally imposed to do the following except? A. Coerce a regime, or individuals within a regime, into changing their behavior by increasing the cost on them to such an extent that they decide to cease the offending behavior B. Constrain a target by denying them access to key resources needed to continue their offending behaviour, including the financing of terrorism or nuclear proliferation C. Obtain, provide and use information relating to the operation of its financial obligations D. Signal disapproval, stigmatising and potentially isolating a regime or individual, or as a way of sending broader political messages nationally or internationally E. Protect the value of assets that have been misappropriated from a country until these assets can be repatriated Answer: C Explanation: Financial sanctions are generally imposed to: • coerce a regime, or individuals within a regime, into changing their behaviour (or aspects of it) by increasing the cost on them to such an extent that they decide to cease the offending behaviour • constrain a target by denying them access to key resources needed to continue their offending behaviour, including thefinancing of terrorism or nuclear proliferation; • signal disapproval, stigmatising and potentially isolating a regime or individual, or as a way of sending broader political messages nationally or internationally; and/or Visit us at: https://p2pexam.com/cgss

3. • protect the value of assets that have been misappropriated from a country until these assets can be repatriated Question: 3 Who is/are involved in making and implementing sanctions? A. The European Union B. The United Nations C. The United Kingdom D. The United States of America E. The Asia Pacific and Singapore Union Answer: A,B Explanation: The United Nations (UN) imposes financial sanctions and requires member states to implement them through Resolutions passed by the UN Security Council. The European Union (EU) implements all financial sanctions imposed by the UN. Question: 4 When deciding whether a filing was for the purpose of harassment, which of the following factors and circumstances can be taken into consideration as examples? A. Lack of merit to attorney disqualification motion B. Whispering into the ears of the defendant C. The plaintiff who referred to defendants' counsel D. Abusive language towards opposing counsel E. Defamation claims not filed for an improper purpose Answer: A,C,D Explanation: Courts take a variety of factors and circumstances into consideration in deciding whether a filing was for the purpose of harassment. These include Lack of merit to attorney disqualification motion, Plaintiff who referred to defendants’ counsel, Abusive language towards opposing counsel and Defamation claim not filed for an improper purpose. Question: 5 The UK can impose its own financial sanctions and restrictions under which of the following legislation under certain circumstances? A. Terrorist Asset-Freezing etc. Act 2010 (TAFA 2010) Visit us at: https://p2pexam.com/cgss

4. B. Anti Money Laundering Act 2006 (AMLA 2006) C. Counter Terrorism Act 2008 (CTA 2008) D. Anti-Terrorism, Crime and Security Act 2001 (ATCSA 2001) E. Counter Human Trafficking Act 2003 (CHTA 2003) Answer: A,C,D Explanation: In certain circumstances, the UK can impose its own financial sanctions and restrictions under the following legislation (collectively the ‘domestic regimes’): • Terrorist Asset-Freezing etc. Act 2010 (TAFA 2010) • Counter Terrorism Act 2008 (CTA 2008) • Anti-Terrorism, Crime and Security Act 2001 (ATCSA 2001) Question: 6 The following UK government departments and agencies are involved in sanction except? A. Foreign & Commonwealth Office B. Department for Business, Enterprise & Regulatory Reform C. HM Revenue & Customs (HMRC) D. Home Office E. National Crime Agency (NCA) Answer: B Thank You for Trying Our Product For More Information – Visit link below: https://www.examsboost.com/ 15 USD Discount Coupon Code: G74JA8UF FEATURES •90 Days Free Updates •Money Back Pass Guarantee •Instant Download or Email Attachment •24/7 Live Chat Support •PDF file could be used at any Platform •50,000 Happy Customer Question: 7 A company is about to engage in business with a country under sanctions. What should they do? A. Ignore the sanctions if no transactions are planned B. Proceed with the transaction after consulting Visit us at: https://p2pexam.com/cgss

5. C. Conduct a risk assessment before proceeding D. Apply for a license before engaging Answer: C Explanation: Conducting a risk assessment is crucial to understand potential legal implications of engaging with sanctioned countries. Question: 8 If a financial institution identifies a sanctioned individual in its customer base, what should it do first? A. Continue business as usual B. Notify the individual of their sanctions C. Consult legal compliance team D. Freeze the account immediately Answer: C Explanation: The compliance team can provide guidance on the appropriate steps to take in accordance with legal requirements. Question: 9 Which of the following best defines "sanctions"? A. Voluntary embargoes B. Measures to enhance corporate compliance C. Incentives for trade D. Restrictions imposed by states or international organizations Answer: D Explanation: Sanctions are legal measures imposed by governments or international organizations to restrict trade or economic activity. Question: 10 A global bank wants to expand into a high-risk are a. What should they prioritize? A. Marketing strategies B. Employee training on sales techniques Visit us at: https://p2pexam.com/cgss

6. C. Increased lending D. Compliance with all relevant regulations Answer: D Explanation: Compliance with regulations is essential, especially in high-risk areas, to avoid penalties and legal issues. Visit us at: https://p2pexam.com/cgss

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