CGSS Practice Questions

A.  

The ultimate beneficial owners of the exporter and importer.

B.  

The shipment details because there are countries subject to international sanctions in the client's region.

C.  

Public domain searches of the client to confirm the client's industry.

D.  

The commercial terms of the credit to ensure the terms are not prohibited under Sectoral Sanctions’ extension of debit or credit arrangements.

E.  

The pricing of the goods to see if they are reasonably in line with market value, determined through publicly available sources.

A.  

Opening of bank accounts in jurisdictions with no alignment to UK and EU sanctions

B.  

Changes in corporate strategy to diversify further into different industries

C.  

Cessation of trading or operational activities in some subsidiaries

D.  

Transfer of assets to family members or close associates

A.  

10 business days

B.  

11 business days

C.  

13 business days

D.  

14 business days

A.  

ways in which an individual's name is given to, or used by, the individual.

B.  

process of taking a non-Latin writing system and converting it into Latin script.

C.  

process of matching an internal record against a sanctioned list record.

D.  

conversion of text from one script into another.

A.  

may continue the search, however, NGOs can be indirectly impacted by sanctions.

B.  

may continue the search so long as it complies with the restrictions from its home country’s jurisdiction.

C.  

may continue the search, as NGOs are always exempt from sanctions for humanitarian activity.

D.  

should stop the search, as the use of designated banks is prohibited for NGOs.

A.  

If the customer is an individual whose last name matches the alert, but whose first name does not match, the investigation should continue by contacting the customer for more information.

B.  

If the customer is an individual with a match on the first and last name, and the country of birth, but not on the country of residence, then there is no need to proceed further with the investigation.

C.  

If the customer is an unrelated company with the same name, there is no need to proceed further with an investigation.

D.  

If the customer is a vessel with the same name, the investigation should continue to establish who is the owner of the vessel.

A.  

Date of birth of a new customer

B.  

Location

C.  

Name of person

D.  

Account number

E.  

Employer of an existing customer

F.  

Identification number

A.  

Conduct an analysis to determine if the match is a true match.

B.  

Perform CDD to maintain details on the customer relationship.

C.  

Include products and services on the CDD

D.  

Include the regulatory documentation on the CDD

A.  

When the Specially Designated Nationals List is updated

B.  

When screening lists are successfully loaded during a daily refresh

C.  

When previously unidentified data points are detected by screening systems

D.  

When a new sanctions program is introduced

A.  

Executive Orders issued by the US President

B.  

Sectoral Sanctions Identifications issued by the US Treasury Department

C.  

Financial Action Task Force Recommendations

D.  

UN Security Council Resolutions