Free CGSS — Certified Global Sanctions Specialist Exam Questions and Answers
CGSS — Certified Global Sanctions Specialist is one of the ACAMS tests covered here. ACAMS credentials split into two tiers that behave differently. CAMS itself, the sanctions credential CGSS and the cryptoasset credential CCAS stand alone with no ACAMS prerequisite. The advanced credentials — Audit, Financial Crimes Investigations and Risk Management — require a passed CAMS first, and ACAMS is renaming those to Certified AFC Auditor, Investigator and Risk Manager, so both sets of names are currently in circulation. Recertification is every three years across the whole family. Formats differ by credential, and ACAMS generally sells a bundle of study materials plus the exam rather than a standalone sitting.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: September 12, 2026
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Question #1
1. A company is about to engage in business with a country under sanctions. What should they do?
Please select an optionIncorrectCorrect answer: C
Conducting a risk assessment is crucial to understand potential legal implications of engaging with sanctioned countries.
Was this answer correct?Question #2
2. If a financial institution identifies a sanctioned individual in its customer base, what should it do first?
Please select an optionIncorrectCorrect answer: C
The compliance team can provide guidance on the appropriate steps to take in accordance with legal requirements.
Was this answer correct?Question #3
4. Which of the following best defines "sanctions"?
Please select an optionIncorrectCorrect answer: D
Sanctions are legal measures imposed by governments or international organizations to restrict trade or economic activity.
Was this answer correct?Question #4
5. A global bank wants to expand into a high-risk area. What should they prioritize?
Please select an optionIncorrectCorrect answer: D
Compliance with regulations is essential, especially in high-risk areas, to avoid penalties and legal issues.
Was this answer correct?Question #5
6. A client from a sanctioned country wants to open a bank account. What is critical first step?
Please select an optionIncorrectCorrect answer: D
Assessing risk against sanction lists is crucial before proceeding to any account establishment for individuals from sanctioned countries.
Was this answer correct?Question #6
7. What does OFAC stand for?
Please select an optionIncorrectCorrect answer: B
OFAC stands for the Office of Foreign Assets Control, which administers and enforces economic and trade sanctions.
Was this answer correct?Question #7
8. A company finds a transaction that appears to violate sanctions. What should be their action?
Please select an optionIncorrectCorrect answer: C
A detailed review is necessary to ensure compliance, and potential violations should not be ignored.
Was this answer correct?Question #8
9. What does a "blocking" sanction entail?
Please select an optionIncorrectCorrect answer: A
Blocking sanctions refer to freezing the assets of individuals, companies, or countries subject to sanction measures.
Was this answer correct?Question #9
10. Which entity is primarily responsible for enforcing U.S. sanctions?
Please select an optionIncorrectCorrect answer: B
The Department of the Treasury is responsible for enforcing U.S. sanctions through organizations like OFAC.
Was this answer correct?Question #10
11. If a supplier is located in a sanctioned jurisdiction, what due diligence step is essential?
Please select an optionIncorrectCorrect answer: C
Researching the company's history and its operations in sanctioned jurisdictions is critical for compliance due diligence.
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Other ACAMS certifications
- CAMS: Certified Anti-Money Laundering Specialist (opens in a new tab)
- Advanced CAMS-Risk Management (opens in a new tab)
- CAFS — Certified Anti-Fraud Specialist (opens in a new tab)
- Advanced CAMS-Audit (opens in a new tab)
- CCAS — Certified Cryptoasset Anti-Financial Crime Specialist (opens in a new tab)
- Advanced CAMS-Financial Crimes Investigations (Advanced CAMS-FCI) (opens in a new tab)
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FAQ
Learn More: https://www.acams.org/en/certifications/cams-certification
- Q1: What is the CGSS — Certified Global Sanctions Specialist exam?
- A: CGSS — Certified Global Sanctions Specialist is a ACAMS certification exam. Judging by the questions in our bank, it concentrates on sanctions, sanctioned, sanction, country and transaction.
- Q2: What topics does the CGSS — Certified Global Sanctions Specialist exam cover?
- A: Questions in our CGSS — Certified Global Sanctions Specialist bank cluster around sanctions, sanctioned, sanction, country, transaction, entity, diligence and firm. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for CGSS — Certified Global Sanctions Specialist?
- A: Work through the CGSS — Certified Global Sanctions Specialist practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real CGSS — Certified Global Sanctions Specialist exam questions?
- A: They are drawn from officially released past questions and from community members who have sat CGSS — Certified Global Sanctions Specialist. Answers are verified and updated weekly.
- Q5: Where do I register for the CGSS — Certified Global Sanctions Specialist exam?
- A: Register through ACAMS directly at https://www.acams.org/en/certifications/cams-certification. Exampractice is not affiliated with ACAMS and does not administer the exam.
- Q6: Is there a free CGSS — Certified Global Sanctions Specialist sample?
- A: Yes. Every CGSS — Certified Global Sanctions Specialist page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are ACAMS Certification Exams?
- A: ACAMS (Association of Certified Anti-Money Laundering Specialists) Certification Exams validate your expertise in anti-money laundering (AML), financial crime detection, and prevention, demonstrating your skills in maintaining compliance with global financial regulations.
- Q8: Why should I pursue ACAMS Certification?
- A: ACAMS Certification enhances your professional credibility, showcasing your knowledge in AML and financial crime prevention. This can lead to better job opportunities, higher salaries, and career advancement.
- Q9: What are the benefits of ACAMS Certification?
- A: Benefits include recognition as a certified AML specialist, improved job performance, access to exclusive resources, networking opportunities, and the ability to stay current with the latest AML strategies and regulatory changes.
- Q10: Who should take ACAMS Certification Exams?
- A: Financial professionals, compliance officers, risk managers, auditors, law enforcement personnel, and anyone involved in AML and financial crime prevention should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of ACAMS Certification Exams are available?
- A: ACAMS offers certifications such as Certified Anti-Money Laundering Specialist (CAMS) and Advanced CAMS-Risk Management (CAMS-RM), each tailored to specific roles and expertise levels in AML and financial crime prevention.
- Q12: How do I prepare for ACAMS Certification Exams?
- A: Preparation can include official ACAMS training programs, study guides, practice exams, webinars, and hands-on experience in AML and financial crime prevention.
- Q13: Where can I take ACAMS Certification Exams?
- A: ACAMS Certification Exams can be taken at authorized testing centers worldwide or online, providing flexibility to fit your schedule and location.
- Q14: How do ACAMS Certifications impact my career?
- A: ACAMS Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in the financial and compliance sectors.
- Q15: Are there any prerequisites for ACAMS Certification Exams?
- A: Some exams may have prerequisites, such as foundational knowledge or prior certifications. Check the specific requirements for each certification path on the ACAMS website.
- Q16: How often do I need to recertify for ACAMS Certifications?
- A: ACAMS Certifications typically require continuing education and recertification every three years to ensure that certified professionals stay updated with the latest AML and financial crime prevention practices.