ACAMS CGSS Exam Dumps - Actual Questions Answers

Sanctions screening systems rely on key personal identifiers to distinguish between true matches and false positives. The Sanctions and Compliance Domains highlight that the most essential variables for screening individuals include name, date of birth, and identification numbers. These identifiers significantly enhance matching accuracy and reduce false positives, especially when screening against common or high-frequency names.

Location, account numbers, and employers are not primary screening variables for matching against sanctions lists. Although these fields may support enhanced due diligence, they are not core identity attributes used for automated sanctions screening.

References from Sanctions and Compliance Domains:

Essential identity attributes required for automated sanctions screening.

Use of names, birth dates, and identification numbers to improve match accuracy.

Guidance on minimizing false positives using reliable personal identifiers.

Sanctions and Compliance Domains highlight that sanctioned individuals may attempt to evade restrictions by transferring assets, ownership rights, or operational control to family members or close associates. These transfers may appear legitimate but are often structured to conceal continuing beneficial ownership or influence.

Asset transfers to relatives or trusted associates are recognized as classic sanctions evasion red flags across EU and UK ownership and control guidance.

Opening bank accounts in non-aligned jurisdictions may create exposure, but the specific red flag of evasion is the movement of assets to associates. Changes in corporate strategy or reduced trading activity are not inherently indicative of sanctions evasion.

A sound governance framework, according to Sanctions and Compliance Domains, includes:

• Senior management ensuring adequate resources to investigate violations, identify weaknesses, and remediate control gaps.

• Updating the sanctions risk assessment to incorporate findings and root causes from prior incidents.

Human resources actions (A) are not a primary governance function. Reporting based on “lack of penalty” (D) is not a risk-based governance indicator. Zero-tolerance statements (E) do not constitute governance processes and may conflict with risk-based management expectations.