A person is designated by the UK and EU. This person owns and controls a company with subsidiaries in diversified industries. Which scenario presents a warning sign for sanctions evasion?

• A.Opening of bank accounts in jurisdictions with no alignment to UK and EU sanctions
• B.Changes in corporate strategy to diversify further into different industries
• C.Cessation of trading or operational activities in some subsidiaries
• D.Transfer of assets to family members or close associates

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A sanctions analyst receives a letter of credit (LC) request that shows the carrier is a possible match under the Specially Designated Nationals and Blocked Persons List. Which action should the analyst take?

• A.Use secondary sources to obtain more identifiers and information.
• B.File a report to the regulator and reject the LC.
• C.Immediately reject the LC and list the company name internally.
• D.Immediately reject the payment and close the customer account.

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Fuzzy logic uses several common algorithms, including:

• A.inequalities lists.
• B.big data.
• C.phonetics.
• D.whitelists.

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Among the tasks delegated to committees in connection with refining their own working methods, committees have been requested or required to undertake the following duties.
Which of the following are included in this?

• A.Reviewing the reports of a monitoring mechanism, with a view to offering guidance on its future work
• B.Co-operating with other relevant sanctions committees
• C.Designating financial resources that would be subject to financial sanctions
• D.Promulgating and updating guidelines to facilitate the implementation of sanctions
• E.Streamlining procedures for processing applications for exemptions from sanctions

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Under Office of Foreign Assets Control (OFAC) rules, a financial institution managing blocked funds:

• A.can debit the account for standing checks or bills without prior OFAC authorization.
• B.is strictly prohibited from deducting service charges from the account for an issued credit card.
• C.can charge interest from a frozen account on a loan or credit card without a license from OFAC.
• D.must place the funds in an interest-bearing account without the need for preauthorization from OFAC.

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