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ACAMS CGSS exam is recognized as the global standard for sanctions compliance professionals. It is designed to meet the needs of individuals who work in financial institutions, government agencies, and other organizations that are subject to sanctions regulations. CGSS-KR exam covers a broad range of topics, including the history and evolution of sanctions, the different types of sanctions regimes, and the challenges and opportunities associated with sanctions compliance.

The CGSS certification exam is open to professionals from a wide range of industries, including banking, finance, insurance, law, and government. CGSS-KR exam is particularly relevant for individuals working in financial institutions, as they are subject to strict sanctions compliance regulations and are required to ensure that their institutions are not inadvertently facilitating financial transactions with sanctioned individuals or entities.

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

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ACAMS CGSS Korean Exam Syllabus Topics:

SectionWeightObjectives
Risk Assessment and Compliance Program20%- Compliance program components
  • 1. Policies and procedures
  • 2. Governance and oversight
  • 3. Training and awareness
- Sanctions risk assessment methodology
  • 1. Risk identification
  • 2. Risk mitigation strategies
  • 3. Risk monitoring and reporting
Investigation and Escalation15%- Escalation procedures
  • 1. Senior management notification
  • 2. Internal escalation pathways
  • 3. Legal and compliance consultation
- Sanctions alerts investigation
  • 1. Evidence gathering and documentation
  • 2. Alert triage and prioritization
  • 3. Decision-making frameworks
Sanctions Environment and Framework15%- Overview of sanctions regimes (OFAC, EU, UN, UK)
  • 1. Legal authorities and enforcement agencies
  • 2. Economic sanctions fundamentals
  • 3. Sanctions objectives and policy considerations
- Types of sanctions (comprehensive, sectoral, targeted)
  • 1. Financial sanctions
  • 2. Trade sanctions
  • 3. Travel sanctions
Specialized Topics and Emerging Issues10%- Sanctions evasion techniques
  • 1. Shell company detection
  • 2. Trade-based money laundering
  • 3. Secondary sanctions awareness
- Crypto/digital asset sanctions
  • 1. Virtual currency service providers
  • 2. DeFi and blockchain considerations
Screening and Monitoring25%- Ongoing monitoring
  • 1. Adverse media screening
  • 2. Counterparty risk assessment
  • 3. Real-time transaction monitoring
- Technology and automation
  • 1. AI/ML applications in screening
  • 2. System limitations and tuning
  • 3. Sanctions screening technology
- Transaction screening
  • 1. Enhanced due diligence
  • 2. Name screening methodologies
  • 3. False positive management
Remediation and Reporting15%- Sanctions violations handling
  • 1. OFAC Voluntary Self-Disclosure
  • 2. Civil and criminal penalties
  • 3. Self-reporting obligations
- Regulatory reporting
  • 1. Licensing and exceptions
  • 2. Suspicious Activity Reports (SARs)
  • 3. Blocking/rejecting transactions

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