Free ACAMS CGSS Exam Dumps Questions & Answers

A data quality review will often attempt to identify which issues? (Select Three.)

• A.  Use of separate first and last name fields
• B.  Default values for date fields
• C.  Hispanic names with both paternal and maternal last names
• D.  Data using all upper case letters instead of mixed case
• E.  Data placed in incorrect fields, such as names placed in address fields
• F.  Duplicate records

What is the purpose of internal controls according to A Framework for Office of Foreign Assets Control (OFAC) Compliance Commitments? (Select Three.)

• 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 compliance officer at a US company discovers one of its European subsidiaries was altering the end-user's location information for certain dual-use goods ultimately being sent to Iran. Which should be the next step?

• A.  Inform management that there would be no issue since the foreign affiliated subsidiary attested that sanctions due diligence was performed.
• B.  Cease shipments of goods from the US to sanctioned jurisdiction and implement a more robust sanctions compliance program.
• C.  Identify the purchase of dual-use goods as permissible since it involved a non-US subsidiary and shipped to non-US person.
• D.  Advise the subsidiary to conduct this activity through another non-US financial institution to avoid sanctions violations in the future.

A shell company deceptively acquires equipment on behalf of the ultimate purchaser from a sanctioned country. This deceptive tactic includes:

• A.  consolidation of goods.
• B.  reorganization of ownership interests.
• C.  sham divestment.
• D.  concealment of the final destination.

The EU Blocking Regulation prohibits an EU person or company from complying with:

• A.  US secondary sanctions.
• B.  country specific sanctions not listed in the Annex.
• C.  sanctions legislation.
• D.  dual-use goods licensing requirements.