ACAMS CGSS : Certified Global Sanctions Specialist

Exam Code: CGSS

Exam Name: Certified Global Sanctions Specialist

Updated: Oct 28, 2026

Q & A: 103 Questions and Answers

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ACAMS CGSS Exam Syllabus Topics:

TopicDetails
Topic 1
  • Sanctions Compliance: This section of the exam measures the skills of a Sanctions Compliance Analyst and focuses on understanding the purpose, legal basis, and scope of sanctions. It explains who has the authority to impose sanctions, the types of licenses that may permit limited activity, and the conditions under which exemptions apply. Candidates are expected to understand how sanctions regimes function globally and what consequences organizations face when they fail to comply. This part ensures that the learner can identify the regulatory intent behind sanctions measures and interpret them correctly within day-to-day operational decisions.
Topic 2
  • Sanctions Compliance Case Studies: This section of the exam measures the skills of a Financial Crime Investigator and consolidates all knowledge through practical case studies that simulate real-world challenges. It allows candidates to apply concepts such as screening, due diligence, frameworks, and investigation techniques to real scenarios. This section strengthens analytical judgment and demonstrates how sanctions rules operate within operational settings, helping learners prepare for the complexities faced in actual compliance roles.
Topic 3
  • Detecting and Investigating Sanctions Evasion Techniques: This section of the exam measures the skills of a Sanctions Compliance Analyst and covers how individuals and entities attempt to evade sanctions through complex ownership structures, trade manipulation, and hidden payment routes. It explains the indicators associated with common evasion typologies and the investigative steps required when potential breaches are detected. Learners also explore the obligations around asset-freezing and reporting, focusing on how to manage such cases while maintaining regulatory compliance.

Reference: https://www.acams.org/en/certifications/certified-global-sanctions-specialist-cgss#course-content-deffae40

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ACAMS Certified Global Sanctions Specialist Sample Questions:

Question #1

What element should be included in an effective export compliance program to address sanctions risk?

  • A. Collecting of vouchers
  • B. Implementing letters of credit containing prohibited boycott terms or conditions
  • C. Conducting payment screening according to formalized procedures
  • D. Outsourcing to freight forwarders who have excellent expertise and guidance
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

Which has an obligation to accept and carry out UN Security Council Resolutions?

  • A. All members of the UN
  • B. Only permanent members of the Security Council
  • C. Only members of the Security Council
  • D. Only countries that are targets of the resolution
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

What makes UN sanctions more difficult to enact? (Select Two.)

  • A. UN sanctions are autonomous and therefore ineffective.
  • B. All permanent UN Security Council members must vote in favor of sanctions.
  • C. UN sanctions are multilateral and require consensus among different nations.
  • D. The UN uses sanctions to intervene in the domestic affairs of various states.
  • E. UN sanctions are measures that can threaten international peace and security.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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Question #4

In which way do notification and tipping-off differ?

  • A. Tipping-off deprives a customer of legal defense while notification does not.
  • B. Tipping-off assists law enforcement in its prosecution of entities, whereas notification assists subjects in their defense of prosecution.
  • C. Tipping-off is only relevant to financial institutions, whereas all entities with sanctions obligations must abide by notification requirements.
  • D. Tipping-off is prohibited, and safeguards should be in place to prevent it, whereas notification is encouraged by regulators.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

Economic sanctions are used as a foreign policy tool. UN sanctions are imposed:

  • A. to call upon Member States to affect UN decisions.
  • B. by a single country against a targeted entity or a bloc of nations.
  • C. to freeze assets, and offenders may be barred from entering the territories of Member States.
  • D. to maintain international peace, security, and stability.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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