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CGSS REVIEW QUESTIONS WITH COMPLETE ANSWERS
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CGSS REVIEW QUESTIONS WITH COMPLETE ANSWERS
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CGSS REVIEW QUESTIONS WITH COMPLETE ANSWERSWhat was the first recognized global body to impose sanctions Correct Ans - League of Nations
The power to deploy sanctions are included: Correct Ans - in the League of Nations Covenants.
The power to deploy sanctions was included in the League's Covenant. Article 16 of the Covenant authorized economic sanctions and military actions against any state that employs wa
One of the first recorded instances of sanctions was the: Correct Ans - Megarian Decree.
One of the first recorded instances of sanctions dates back to the fifth century BC. With the Megarian Decree in 432 BC, the Athenians levied economic sanctions, banning citizens of Megara from accessing markets in the Athenian empire
The Non-Proliferation Treaty is intended to prevent the spread of nuclear weapons and technology and promote peaceful uses of which of the following?
Correct Ans - Nuclear energy
The NPT solidified the international community's commitment to preventing the spread of nuclear weapons. Its goal is to create a binding commitment of disarmament by the five declared nuclear-weapon states and to promote the peaceful use of nuclear technology while preventing the spread of nuclear weapons and weapons technology
The Magnitsky Act allows the US government to freeze the assets of and ban entry of any foreign official implicated in which of the following? Correct Ans - Human rights violation
Which of the following best describes the Financial Action Task Force's Mutual Evaluation Reports? Correct Ans - Reports that evaluate a country's compliance with FATF's recommendations A US consultant is in Beijing, China working on a project for a major Chinese financial institution, and is asked how to set up a sanctions compliance program to engage in trade-related transactions with the country of Iran. The US consultant drafts a sanctions compliance framework and delivers it to the client. The consultant is most likely engaged in: Correct Ans - Facilitation.
KEY TAKEAWAYS • Facilitation is a concept that applies to US persons not directly engaged in sanctioned activity. • Facilitation is a broad concept that may encompass a variety of activities, such as overseeing the transfer of equipment for a non-US person to sanctioned locations. • US persons are prohibited from making business decisions on behalf of non-US persons for projects in sanctioned countries. • Providing technical or advisory expertise for operations in sanctioned countries may be prohibited as facilitation.
Which of the following describes multiple countries working together to block
trade and issue embargoes against another country? Correct Ans - Multilateral sanctions
Which of the following is a government's exercise of its authority beyond its geographical boundaries? Correct Ans - Extraterritoriality
An SDN deposits US funds into his bank account in Germany with a German bank. The German bank maintains a nostro account with a US financial institution in New York. The funds may be subject to forfeiture according to which 2001 US law? Correct Ans - The USA PATRIOT Act : BSA
Section 311 of the USA PATRIOT Act directs the Treasury to designate a financial institution or jurisdiction as being of "primary money laundering concern" based on numerous jurisdictional and institutional factors, including the extent to which the institution is used to facilitate or promote money laundering
an account that a bank keeps for itself in a bank in another country, usually in that country's currency
Which of the following is the most common type of sanctions imposed by one nation upon another?
Trade Correct Ans - Trade
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