Certified Sanctions Compliance & Risk Management post Test

Which body primarily enforces sanctions in the United States?

• IMF

• OFAC

• FATF

• SEC

Sanctions imposed to freeze funds of specific individuals or entities are known as:

• Sectoral sanctions

• Comprehensive sanctions

• Targeted sanctions

• Voluntary sanctions

Which of the following is not a core component of sanctions programs?

• Asset freezes

• Export controls

• Travel bans

• Credit rating reviews

A key role of sanctions in global finance is:

• Expanding trade partnerships

• Supporting foreign policy and security objectives

• Increasing corporate profits

• Standardising interest rates

The EU sanctions framework is legally binding on:

• Only EU banks

• All EU member states and citizens

• Only multinational corporations

• Only listed companies

Which sanctions type applies to entire economic sectors like energy or defence?

• Targeted sanctions

• Sectoral sanctions

• Travel bans

• Asset freezes

A strong sanctions compliance framework must include:

• Escalation protocols

• Marketing policies

• Social media guidelines

• Recruitment processes

False positives in sanctions screening refer to:

• Correctly identified sanctioned entities

• Non-sanctioned individuals flagged as potential matches

• Entities deliberately evading sanctions

• Automated system breakdowns

High-risk jurisdictions in sanctions compliance often include:

• Politically unstable regions

• Low-tax countries

• Developed economies

• Emerging markets only

Customer due diligence (CDD) is enhanced by:

• Ignoring politically exposed persons (PEPs)

• Risk-based assessments

• Reducing monitoring

• Avoiding documentation