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The Certified Global Sanctions Specialist (CGSS) Certification Exam is an internationally-recognized certification that focuses on the knowledge and skills necessary to effectively manage sanctions compliance within an organization. Sanctions are a critical tool used by governments to restrict certain activities with specific countries, individuals, and entities. They can impact businesses of all sizes and industries, making sanctions compliance a critical concern for companies that operate globally.

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

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To be eligible to take the ACAMS CGSS certification exam, candidates must have at least two years of experience in sanctions compliance, as well as a strong understanding of the legal and regulatory framework for sanctions. They must also demonstrate a commitment to professional development and ongoing education in the field of sanctions compliance.

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ACAMS CGSS Korean Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Screening and Monitoring25%- Technology and automation
  • 1. AI/ML applications in screening
  • 2. Sanctions screening technology
  • 3. System limitations and tuning
- Transaction screening
  • 1. False positive management
  • 2. Name screening methodologies
  • 3. Enhanced due diligence
- Ongoing monitoring
  • 1. Adverse media screening
  • 2. Counterparty risk assessment
  • 3. Real-time transaction monitoring
Topic 2: Specialized Topics and Emerging Issues10%- Crypto/digital asset sanctions
  • 1. DeFi and blockchain considerations
  • 2. Virtual currency service providers
- Sanctions evasion techniques
  • 1. Trade-based money laundering
  • 2. Shell company detection
  • 3. Secondary sanctions awareness
Topic 3: Remediation and Reporting15%- Sanctions violations handling
  • 1. Civil and criminal penalties
  • 2. OFAC Voluntary Self-Disclosure
  • 3. Self-reporting obligations
- Regulatory reporting
  • 1. Licensing and exceptions
  • 2. Suspicious Activity Reports (SARs)
  • 3. Blocking/rejecting transactions
Topic 4: Sanctions Environment and Framework15%- Overview of sanctions regimes (OFAC, EU, UN, UK)
  • 1. Sanctions objectives and policy considerations
  • 2. Legal authorities and enforcement agencies
  • 3. Economic sanctions fundamentals
- Types of sanctions (comprehensive, sectoral, targeted)
  • 1. Travel sanctions
  • 2. Trade sanctions
  • 3. Financial sanctions
Topic 5: Investigation and Escalation15%- Sanctions alerts investigation
  • 1. Evidence gathering and documentation
  • 2. Decision-making frameworks
  • 3. Alert triage and prioritization
- Escalation procedures
  • 1. Legal and compliance consultation
  • 2. Senior management notification
  • 3. Internal escalation pathways
Topic 6: Risk Assessment and Compliance Program20%- Sanctions risk assessment methodology
  • 1. Risk monitoring and reporting
  • 2. Risk mitigation strategies
  • 3. Risk identification
- Compliance program components
  • 1. Policies and procedures
  • 2. Governance and oversight
  • 3. Training and awareness

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