100% Accurate Answers! May-2024 CGSS Actual Real Exam Questions [Q66-Q86]

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100% Accurate Answers! May-2024 CGSS Actual Real Exam Questions

Best Value Available! 2024 Realistic Verified Free CGSS Exam Questions

Individuals who pass the CGSS exam are recognized as experts in global sanctions compliance and are well-positioned to advance their careers in the anti-money laundering (AML) and sanctions compliance fields. CGSS certification is particularly valuable for professionals working in industries that are heavily regulated, such as financial services, oil and gas, and defense. It is also beneficial for individuals working in compliance consulting or advisory roles.

NO.66 A relevant institutions must inform OFSI without delay whenever it credits a frozen account with which of the following?

Payments made without the prior consent of the legal person or designated person

Payments due under prior contracts

Funds transferred to an account by a third party

Payments made under judicial decisions rendered in an EU member state

Funds dealing with breaches of licensing conditions

NO.67 Which of the following questions is/are to be asked while identifying causes in building a casual model?

Is there evidence of a specific chain of events?

Identify which causal links or inputs are most important.

Are there other likely causes?

Measure key variables in more detail.

For each variable, think what could be its causes.

NO.68 Asset freezing legislation generally permits a person to make which of the following payments into a frozen account without the need for a license from OFSI, so long as those funds are frozen after being paid in:

Any interest or earnings on the account

Any payments due to a designated person under contracts, agreement or obligations that were concluded or arose before the date the person became sanctioned

Any interest or earnings that is not on the account

Any payment from an unknown source

NO.69 If there is going to be a member state resorting to war in breach of the Covenant then state the final judgment for them?

It would be subject to automatic sanctions

There will be reprisal blockade for it

All economic or financial ties for this will be cut

Forms of violence would fall short of the use of force envisaged for it

There will be reprisal blockade for it and all economic or financial ties for this will be cut

NO.70 Why the First Circuit has imposed a Rule 11 sanction upon counsel in a “frivolous” habeas corpus proceeding?

The petitioner sought the purely civil effect of preventing his deportation from happening.

Petitioner was pursuing traditional habeas relief

To district court for consideration of whether sanctions were appropriate

Because sanctions are appropriate ‘only in the most egregious circumstances and where the court has specifically found that penalties are necessary, that other remedies are insufficient and that its application of Rule 11 is tailored to the wrong found

Petitioner was not pursuing traditional habeas relief

NO.71 If, in a roll-call, the members of the league council unanimously agreed with the subcommittee’s conclusions on war and convent breach, where could the matter further proceed?

To the office of President

To the armed forced

To the Security Council

To the league assembly

To the Convent

NO.72 What is the reason why non-members including the Republic of Korea, have taken steps to implement various sanctions regimes?

Because they want to lessen aggression between countries.

Because they felt more than a moral obligation to apply sanctions.

Because they are mandated by the Security Council.

In order to help maintain or restore international peace and security.

In order to promote and advocate peace.

NO.73 Which of the following statements is not true about Pro se litigants:

Pro se litigants are required to sign their own to papers filed in court

Pro se litigants are unrepresented by counsel

Pro se litigants are not subject to Rule 11

Pro se litigants do not benefit from the amended rule provision shielding represented parties from sanctions for frivolous legal arguments

The amended rule provision shielding represented parties from sanctions for frivolous legal arguments does not apply to pro se litigants

NO.74 Your obligation to report to OFSI is in addition to any other non-financial sanctions reporting obligations you may have and that includes the following except?

Reporting required by your regulator

Report under section 19 of the Terrorism Act 2000.

Submitting Suspicious Activity Reports (SARs) to the National Crime Agency (NCA) under the Proceeds of Crime Act 2002.

Report under the OFSI Data Protection Act 1998

Sunbmisson of designations made under ATCSA 2001

NO.75 Which syndrome could be considered a cultural norm or a state norm?

Borderline syndrome

Histrionic syndrome

Avoidant syndrome

Dependent syndrome

Munich syndrome

NO.76 Which of the following is/are international initiatives that have been undertaken to develop and hone political approaches to the targeting of sanctions?

The Interlaken Process

The UN Security Council Process

The Bonn-Berlin Process

The Stockholm Process on the Implementation of Targeted UN Sanctions

The Targeted Financial Sanctions Process

NO.77 According to OFSI, how long does it typically take to get a license?

One week

Two weeks

Three weeks

Four weeks

Up to two months

NO.78 The violation of sanctions can lead to numerous consequences. Choose the penalities authorized by the UN for such a scenario?

Fines

Prosecution

Considered criminal

Punished to death

All of the above

NO.79 To what degree should human rights feature in the assessment of humanitarian implications of sanctions?

50% of the gross profit should be rendered for humanitarian sympathy

Judgements on the legal obligations of people or entities involved

Safeguarding and upholding any rights under the sanctions regime

Charitable funds for humanitarian refugee

NO.80 North Korea’s campaign to become a nuclear power first became apparent in March 1993, when it announced that it was withdrawing from a treaty.
Which of the following treaty is this?

Strategic Arms Limitation Treaty I (Interim Agreement)

Nuclear Non-Proliferation Treaty (NPT)

Ballistic Missile Launch Notification Agreement

Treaty on the Prohibition of Nuclear Weapons

Intermediate-Range Nuclear Forces Treaty – INF

NO.81 Diplomatic sanctions imposed on a target and parliamentary sanctions applied against a target aim to undermine the official relationship between a target and the outside world.
How do you differentiate these two from one another?

Representative sanctions are not accepted as state though the diplomatic policy is recognized by the international community

Representative sanctions are associated with national reconciliation or stability while the diplomatic policy is associated with war

Representative sanctions have the representative of superpowers to give final decisions while diplomatic has no such member

Representative targets prohibit flights to and from a target through the diplomatic policy allow flights to and from a target

Both are same

NO.82 Which of the following is/are the features of humanitarian conditions?

Conditions of life

Cannot be examined by discrete measures.

Related directly to physical survival, health and well-being, and critical aspects of human development.

Related to the very existence of the individual.

Empirical in nature

NO.83 According to OFSI, financial sanctions can be imposed with the following purposes, except:

Coerce a regime, or individuals within a regime, into changing their behavior

Constrain a target by denying them access to key resources needed to continue their offending behavior

Signal disapproval, stigmatizing and potentially isolating a regime or individual

Increase the value of assets that have been misappropriated from a country until these assets can be repatriated

Protect the value of assets that have been misappropriated from a country until these assets can be repatriated

NO.84 With which of the following procedural conditions EU should comply with for resorting to countermeasures?

Respecting the principle of proportionality.

Calling upon the third (target) State to cease the violation.

Suggesting negotiations.

Notifying its intention to take resources.

Calling upon the International justice of the law.

NO.85 Courts agree that attorneys’ inquiry into the legal and factual basis of their claims need only be reasonable under the circumstances.
Which of the following relates to this?

Rodriguez v. Local 112, Int’l Fed’n of Technical Eng’rs, No. Civ. 870142, 1989 U.S. Dist. LEXIS 9071, at *15 (D. Mass. Aug. 3, 1989) – Documents refuting allegations of discrimination complaint available from the state agency.

Wigod v. Chicago Mercantile Exch., 981 F.2d 1510, 1523 (7th Cir. 1992) – Upholding sanctions award against plaintiff’s attorney who failed to interview attorneys who represented the plaintiff in related proceedings and other available witnesses.

Zenith Elecs. Corp. v. Exzec, Inc., No. 93 C 5041, 1997 U.S. Dist. LEXIS 20762, at *38-41 (N.D. Ill. Dec. 24, 1997) – Use of “information and belief” pleading not sanctionable at early stages of litigation where facts are complex.

Vernon v. Port Authority of N.Y., 95 Civ. 4594 (PKL), 2003 U.S. Dist. LEXIS 9566, at *17-18 (S.D.N.Y. June 6, 2003) – Declining to award sanctions on the attorney for misstating status of discovery record where the attorney was new to the case, prior attorney’s files had been destroyed, and information was not apparent from the record.

Chris & Todd, Inc. v. Arkansas Dep’t of Fin. & Admin., 125 F.R.D. 491, 494 (E.D. Ark. 1989) Sanctions imposed upon the attorney who discussed general content of amended complaint with clients prior to filing but did not inform clients of the exact wording of new allegations, which proved to be false.

NO.86 Which of the following is the most common form of financial sanctions?

Asset leasing

Asset acquisition

Asset disqualification

Asset freezing

Asset liquidation

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