Practice Test Geeks(CSS) Certified Sanctions Specialist Practice Test
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CSS Sanctions Program Types & Target Identification Flashcards

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  1. The Global Magnitsky Act authorizes sanctions against foreign individuals for which conduct?

    Answer: Serious human rights abuses and significant corruption

    The Global Magnitsky Human Rights Accountability Act authorizes the U.S. President to impose sanctions on foreign persons responsible for serious human rights abuses or significant acts of corruption.

  2. What is the purpose of OFAC's Non-SDN Consolidated Sanctions List (Non-SDN CSL)?

    Answer: It lists entities subject to enhanced due diligence but not full asset blocking

    The Non-SDN CSL consolidates several non-SDN lists (such as the SSI List and FSE List) that impose targeted restrictions rather than full asset blocking, providing a single searchable resource.

  3. Under OFAC regulations, what must a U.S. financial institution do when it identifies a transaction involving blocked property?

    Answer: Block the transaction, hold funds in a blocked account, and report to OFAC within 10 business days

    U.S. persons who block property must hold it in a blocked account and file a report with OFAC within 10 business days of the blocking, as required by blocking regulations.

  4. Which country is subject to OFAC's most comprehensive sanctions, effectively prohibiting nearly all trade and financial transactions with U.S. persons?

    Answer: North Korea

    North Korea (DPRK) is subject to one of the most comprehensive U.S. sanctions programs, with nearly all trade, investment, and financial transactions prohibited under the North Korea Sanctions Regulations.

  5. What is a 'shadow fleet' vessel in the context of sanctions evasion?

    Answer: A tanker or ship that obscures its ownership, disables tracking, and transports sanctioned cargo (often oil)

    Shadow fleet vessels are ships — often aging tankers — that use opaque ownership structures, AIS manipulation, and ship-to-ship transfers to transport sanctioned commodities like Russian or Iranian oil.

  6. Which OFAC sanctions program primarily targets the government of Venezuela and related parties?

    Answer: Venezuela Sanctions Regulations (31 CFR Part 591)

    OFAC administers the Venezuela Sanctions Regulations (31 CFR Part 591), targeting the Maduro regime, state-owned enterprises, and individuals involved in corruption and human rights abuses.