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| Certification Vendor: | ACAMS |
|---|---|
| Exam Name: | ACAMS Certified Global Sanctions Specialist (CGSS) Examination |
| Exam Number: | CGSS |
| Related Certifications: | CAMS (Certified Anti-Money Laundering Specialist) |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Recommended Training: | ACAMS Official Training Programs |
| Exam Registration: | ACAMS Certification Page |
| Sample Questions: | ACAMS CGSS Sample Questions |
| Exam Way: | Computer-based exam (online proctored or test center depending on region) |
| Pre Condition: | No formal prerequisite required, but AML/CFT or sanctions compliance experience is recommended. |
| Official Syllabus URL: | https://www.acams.org/en |
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ACAMS CGSS (Certified Global Sanctions Specialist) Certification Exam is a credential for professionals who work in the financial industry and specialize in sanctions compliance. CGSS exam is designed to test the candidate's knowledge of global sanctions regulations and their ability to apply this knowledge in real-world scenarios. Certified Global Sanctions Specialist certification is recognized globally and is highly regarded by employers in the financial industry.
NEW QUESTION # 54
According to the 2019 Wolfsberg Guidance on Sanctions Screening, which is related to the fundamental pillars of sanctions screening programs?
Answer: B
Explanation:
The Wolfsberg 2019 Guidance identifies risk assessment as a foundational component of sanctions screening programs. Screening systems, list management, and alert handling must reflect the institution's assessed sanctions risk exposure.
External audit and reporting are relevant compliance functions but are not listed as fundamental pillars of screening programs in the Wolfsberg framework. Risk management is a broader corporate discipline, while screening specifically starts with a clear sanctions risk assessment.
Reference:
Wolfsberg 2019 Guidance on Sanctions Screening fundamentals.
Requirement that screening be risk-based and aligned with sanctions risk assessment outcomes.
NEW QUESTION # 55
Based on the Wolfsberg Guidance on Sanctions Screening, what are the core principles for generating productive alerts? (Select Two.)
Answer: A,C
Explanation:
The Wolfsberg Guidance identifies that effective sanctions screening depends on high-quality, risk-relevant reference data. Institutions must regularly review and remove outdated or irrelevant data to avoid generating unnecessary alerts and ensure screening outputs remain meaningful. Maintaining accurate and current data reduces noise and increases the productivity of alerts.
The Guidance also emphasizes that institutions may use "good guy lists" to reduce false positives, but these lists must be maintained in a controlled way to ensure they do not unintentionally suppress alerts that could indicate sanctions risk. Proper governance must accompany good-guy lists so that risk-relevant entities are not excluded from screening.
The Guidance does not support reducing thresholds to generate more alerts, nor does it promote removing low-risk parties without structured criteria. It also does not recommend manual jurisdiction-specific screening as a method of improving alert quality.
Reference from Sanctions and Compliance Domains:
Wolfsberg principles on management of reference data for sanctions screening.
Guidance on proper use and governance of "good guy lists."
Recommendations for ensuring alerts remain relevant, accurate, and risk-based.
NEW QUESTION # 56
A community correctional center to which an offender reports each day to file a daily schedule with a supervision officer, showing how each hour will be spent is called which of the following?
Answer: E
NEW QUESTION # 57
Which are common channels used to circumvent sanctions? (Select Three.)
Answer: A,C,E
Explanation:
Sanctions evasion commonly occurs through:
* Trade finance - manipulating bills of lading, transshipment, falsified documents.
* Correspondent banking - indirect access to the financial system through other banks.
* Shell companies - concealment of ownership, diversion of goods, and masking sanctioned parties.
Corporate, online, and retail banking may have risks but are not primary evasion channels highlighted in sanctions-evasion typologies.
Reference:
Sanctions evasion indicators involving trade, correspondent networks, and shell structures.
OFAC advisories on high-risk payment channels.
NEW QUESTION # 58
Which are true regarding compliance with EU sanctions? (Select Two.)
Answer: A,D
Explanation:
EU sanctions apply to:
* All EU nationals,
* All persons within the territory of the EU, including foreign nationals residing or operating within the EU,
* All EU legal entities, regardless of where they operate, and
* Any business conducted within the EU or using EU jurisdictional touchpoints.
EU sanctions do not have general extraterritorial effect. Unlike US sanctions (which can apply based on currency, goods origin, or facilitation), EU sanctions apply within EU territory, including airspace, and to EU persons globally.
EU sanctions do not automatically have a broader scope than US sanctions; in many cases, US sanctions have the broader reach.
Reference:
EU sanctions territorial and personal scope definitions.
Applicability to EU territory, nationals, and persons operating in the EU.
NEW QUESTION # 59
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