ACAMS Reliable CGSS Exam Syllabus - Pass CGSS in One Time - ACAMS Test CGSS Questions Pdf

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ACAMS CGSS Exam Syllabus Topics:

Section	Weight	Objectives
Risk Assessment and Compliance Program	20%	- Sanctions risk assessment methodology 1. Risk monitoring and reporting 2. Risk mitigation strategies 3. Risk identification - Compliance program components 1. Policies and procedures 2. Governance and oversight 3. Training and awareness
Screening and Monitoring	25%	- Technology and automation 1. System limitations and tuning 2. AI/ML applications in screening 3. Sanctions screening technology - Transaction screening 1. False positive management 2. Name screening methodologies 3. Enhanced due diligence - Ongoing monitoring 1. Counterparty risk assessment 2. Real-time transaction monitoring 3. Adverse media screening
Specialized Topics and Emerging Issues	10%	- Sanctions evasion techniques 1. Trade-based money laundering 2. Secondary sanctions awareness 3. Shell company detection - Crypto/digital asset sanctions 1. Virtual currency service providers 2. DeFi and blockchain considerations
Remediation and Reporting	15%	- Regulatory reporting 1. Licensing and exceptions 2. Blocking/rejecting transactions 3. Suspicious Activity Reports (SARs) - Sanctions violations handling 1. Civil and criminal penalties 2. OFAC Voluntary Self-Disclosure 3. Self-reporting obligations
Sanctions Environment and Framework	15%	- Overview of sanctions regimes (OFAC, EU, UN, UK) 1. Economic sanctions fundamentals 2. Sanctions objectives and policy considerations 3. Legal authorities and enforcement agencies - Types of sanctions (comprehensive, sectoral, targeted) 1. Travel sanctions 2. Financial sanctions 3. Trade sanctions
Investigation and Escalation	15%	- Sanctions alerts investigation 1. Alert triage and prioritization 2. Evidence gathering and documentation 3. Decision-making frameworks - Escalation procedures 1. Senior management notification 2. Internal escalation pathways 3. Legal and compliance consultation

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Quiz 2026 ACAMS Updated CGSS: Reliable Certified Global Sanctions Specialist Exam Syllabus

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ACAMS Certified Global Sanctions Specialist Sample Questions (Q98-Q103):

NEW QUESTION # 98
What is the code of numbers when deciding to alter economic sanctions to maintain sanctions?

A. Three
B. Six
C. One
D. Two
E. Four

Answer: A

NEW QUESTION # 99
Where the financial sanction is an asset freeze, it doesn't involve which of the following:

A. There is no change in ownership of the frozen funds or economic resources
B. There is a change in ownership of the frozen funds or economic resources
C. The frozen funds or economic resources are not confiscated or transferred to OFSI for safekeeping
D. The frozen funds or economic resources are confiscated or transferred to OFSI for safekeeping

Answer: B

NEW QUESTION # 100
Under Office of Foreign Assets Control (OFAC) rules, a financial institution managing blocked funds:

A. can charge interest from a frozen account on a loan or credit card without a license from OFAC.
B. can debit the account for standing checks or bills without prior OFAC authorization.
C. must place the funds in an interest-bearing account without the need for preauthorization from OFAC.
D. is strictly prohibited from deducting service charges from the account for an issued credit card.

Answer: C

Explanation:
OFAC regulations require that blocked funds must be placed into an interest-bearing account, held separately, and reported to OFAC. This does not require preauthorization from OFAC.
However, no debits or credits may occur without OFAC authorization, including:
* settling standing bills or checks (A),
* charging interest or loan/corporate card fees (C),
* deducting credit-card service charges (B).
Only OFAC can authorize movement or use of blocked property.
Reference:
OFAC blocked property rules for interest-bearing retention.
Prohibition on debits, credits, and unauthorized transactions involving blocked funds.

NEW QUESTION # 101
An entity not listed by the Office of Foreign Assets Control is attempting to open a bank account in the US. During the screening process, an employee learns that the entity's ownership exceeds the 50% aggregate Specially Designated National ownership threshold. How should the employee proceed?

A. Reject or decline the account opening and add the entity name to the internal watch list to avoid further business activity.
B. Request that the customer alters the ownership percentage to enable them to open the account.
C. Authorize the account opening as this entity is not considered to be restricted.
D. Obtain senior management approval to proceed with the account opening.

Answer: A

Explanation:
Under OFAC's 50 Percent Rule, any entity that is owned 50% or more-individually or in aggregate-by one or more Specially Designated Nationals (SDNs) is considered automatically blocked, even if not explicitly listed.
Financial institutions must treat such entities as if they are SDNs. Therefore, the account cannot be opened. Senior management approval cannot override OFAC regulations, and altering ownership to bypass sanctions is prohibited facilitation.
Reference:
OFAC 50 Percent Rule and automatic blocking requirements.
Prohibition on opening accounts or facilitating transactions for SDN-owned entities.

NEW QUESTION # 102
While reviewing a transaction screening alert, an analyst noted that a payment message made reference to a port in a sanctioned country. The payment was to a company based in a country neighboring the sanctioned country. Which action should the analyst take?

A. Request the underlying documents and shipment details to ensure there is no involvement of a sanctioned party, port, or sanctioned country goods.
B. Reject the payment and request the remitter to remove any reference to sanctioned country port in the payment message.
C. Review if the beneficiary party's country applies sanctions on the neighboring country; if not, the payment can be approved.
D. Approve the payment since the parties in the payment are not based in a sanctioned country or are not subject to sanctions.

Answer: A

Explanation:
Sanctions and Compliance Domains outline that references to sanctioned ports, locations, or shipping routes in payment instructions require further investigation. Even when the transaction parties are not located in a sanctioned jurisdiction, involvement of a sanctioned port or movement of prohibited goods can trigger sanctions exposure.
The correct approach is to obtain supporting documents such as shipping documents, invoices, bills of lading, and routing information to confirm whether the shipment, goods, transport path, or third parties have any sanctioned involvement. Approving or rejecting a payment without verification contradicts sanctions screening standards.
Reference from Sanctions and Compliance Domains:
Requirements to investigate references to sanctioned locations in trade or payment messages.
Guidance on obtaining underlying documents to assess sanctions exposure.
Expectations for verifying goods, ports, and shipment paths.

NEW QUESTION # 103
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