ACAMS Certified Global Sanctions Specialist - CGSS FREE EXAM DUMPS QUESTIONS & ANSWERS

A. When previously unidentified data points are detected by screening systems B. When a new sanctions program is introduced C. When the Specially Designated Nationals List is updated D. When screening lists are successfully loaded during a daily refresh

A. Risk assessment methodology B. Compliance with sanctions laws and regulations C. Ongoing filter tuning procedures D. Investigation procedures for reviewing alerts

A. Reject the payment. B. Demand a specific license. C. Check for applicable general licenses or exemptions. D. Review the counterparty.

A. To ensure compliance commitments are timely B. To minimize the risks identified by an entity's OFAC risk assessments C. To minimize the employee attrition rate D. To define procedures and processes E. To outline clear financial strategies for the company F. To outline clear expectations

A. All EU nationals, persons residing in the EU, or persons conducting business in the EU are required to comply with EU sanctions. B. EU sanctions compliance has a broader scope than US sanctions compliance. C. EU sanctions have extraterritorial implications; thus, all countries are required to comply with EU sanctions. D. Foreign nationals who are residing in the EU are not required to follow EU sanctions. E. EU sanctions are applicable within the territory of the EU, including its airspace.

A. File a suspicious activity report and notify the customer of the red flags identified during the review. B. Process the transaction and refer the transaction for further investigation by the bank's financial intelligence unit. C. Reject the transaction and file a report on the transaction with the appropriate regulator. D. Block the transaction, place the funds in an interest-bearing account, and file a report on the transaction.

A. A team that manages the institution's screening lists B. A team that is from internal audit C. A team that manages risk assessments D. A team that conducts investigations

A. splitting cash deposits into smaller amounts to avoid a currency reporting threshold. B. deliberately changing or removing material information from payment messages or documents. C. the underrepresentation of a price of a product in order to transfer value from one jurisdiction to another. D. sending two different types of messages for the same payment but with completely different information.

A. Freeze accounts of the customer's family members that have accounts within the same financial institution. B. Transfer the funds to another financial institution where the customer has another account. C. Notify the customer about the freezing. D. Inform the applicable authorities about the freezing.