CGSS — Certified Global Sanctions Specialist Sanctioned Practice Questions

2. If a financial institution identifies a sanctioned individual in its customer base, what should it do first?

• AA. Continue business as usual
• BB. Notify the individual of their sanctions
• CC. Consult legal compliance team
• DD. Freeze the account immediately

6. A client from a sanctioned country wants to open a bank account. What is critical first step?

• AA. Notify the supervisor immediately
• BB. Approve the account opening
• CC. Require proof of citizenship
• DD. Assess risk based on sanction lists

11. If a supplier is located in a sanctioned jurisdiction, what due diligence step is essential?

• AA. Verify if they are licensed
• BB. Examine the supplier's financial status
• CC. Research the company's history in the area
• DD. Check the supplier's contracts