Sanctions: UK, US & International Frameworks

<p>Working with international partners to develop international frameworks. (D)</p> Signup and view all the answers

<p>The Office of Foreign Assets Control (OFAC). (D)</p> Signup and view all the answers

<p>Activities related to the proliferation of weapons of mass destruction (WMDs). (C)</p> Signup and view all the answers

<p>US foreign policy and national security goals. (B)</p> Signup and view all the answers

<p>Administering and implementing financial sanctions. (B)</p> Signup and view all the answers

<p>There is a threat to international peace and security. (B)</p> Signup and view all the answers

<p>Imposing restrictions on the provision of financial services. (C)</p> Signup and view all the answers

<p>Adverse impact on vulnerable populations in affected jurisdictions. (B)</p> Signup and view all the answers

<p>Promoting economic cooperation, human rights, and democracy. (B)</p> Signup and view all the answers

<p>Implementing effective systems and controls. (B)</p> Signup and view all the answers

<p>A front company in Switzerland, associated with a North Korean entity, conducts financial activities to procure materials for WMD production, evading export controls in Germany. (D)</p> Signup and view all the answers

<p>By implementing stringent controls to combat money laundering and terrorist financing, extending these to firms dealing with dual-use goods. (D)</p> Signup and view all the answers

<p>To act as the principal international sanctions-setting body. (C)</p> Signup and view all the answers

<p>A travel ban imposed on individuals associated with a criminal regime. (B)</p> Signup and view all the answers

<p>To protect the international financial system from abuse by proliferators. (D)</p> Signup and view all the answers

<p>A bank enhances its due diligence process to identify and report suspicious transactions linked to dual-use goods. (A)</p> Signup and view all the answers

<p>To change the behaviour of a targeted country or regime. (C)</p> Signup and view all the answers

<p>Money laundering, terrorist financing, and proliferation financing. (B)</p> Signup and view all the answers

<p>To serve as the only legally binding international instrument for combating corruption, requiring states to criminalize money laundering and prevent it. (B)</p> Signup and view all the answers

<p>A US company makes a payment to a foreign official to secure a contract that is essential for the company's survival. (A)</p> Signup and view all the answers

<p>US nationals, citizens, or residents acting anywhere in the world; US businesses acting anywhere in the world; and foreign businesses trading securities on the US exchange. (B)</p> Signup and view all the answers

<p>Extended anti-bribery provisions to foreign firms and persons who cause an act enabling a corrupt payment to take place within US territory. (B)</p> Signup and view all the answers

<p>A payment to expedite customs clearance for perishable goods. (C)</p> Signup and view all the answers

<p>Enforcing the provisions of the FCPA through civil measures (B)</p> Signup and view all the answers

<p>A payment made by a foreign company, operating entirely outside the US, to a foreign official using non-US funds. (C)</p> Signup and view all the answers

<p>The FCPA and the UK Bribery Act are the leading pieces of global anti-corruption legislation, prompting other countries to improve their own efforts. (C)</p> Signup and view all the answers

<p>To prevent economic destabilization caused by the influx of illegally derived funds. (C)</p> Signup and view all the answers

<p>To criminalize the handling of criminal proceeds and deprive criminals of the benefits of their illegal activities. (A)</p> Signup and view all the answers

<p>By providing guidance, technical, and financial assistance to strengthen AML/CFT frameworks. (A)</p> Signup and view all the answers

<p>To use part of the funds to strengthen its AML/CFT measures. (C)</p> Signup and view all the answers

<p>They are highly unstable and pose risks to neighboring countries and those with close economic ties. (A)</p> Signup and view all the answers

<p>Offering guidance and technical assistance to improve AML/CFT frameworks. (D)</p> Signup and view all the answers

<p>Guidance and technical and financial assistance (A)</p> Signup and view all the answers

<p>To deprive criminals of the benefits obtained from their illegal activities. (A)</p> Signup and view all the answers

<p>The scheme involves multiple international borders, exploiting differences in national laws. (C)</p> Signup and view all the answers

<p>To minimize the risk of detection and prosecution of their money laundering activities. (C)</p> Signup and view all the answers

<p>To sell the goods online to final customers, collecting VAT without remitting it to tax authorities. (C)</p> Signup and view all the answers

<p>The objective is to get the illegal funds back to the originator, and stable systems facilitate easier access and use. (C)</p> Signup and view all the answers

<p>MTIC fraud specifically exploits VAT regulations in cross-border transactions within the EU. (C)</p> Signup and view all the answers

<p>It undermines regulatory effectiveness and facilitates cross-border crime. (D)</p> Signup and view all the answers

<p>The speed facilitates the concealment of criminal activities due to the rapid movement of money across borders. (C)</p> Signup and view all the answers

<p>They are attractive to money launderers, who seek to exploit the low risk of detection. (A)</p> Signup and view all the answers

The United Nations Convention against Corruption is a legally binding agreement to combat corruption.

The process of making illegally obtained money appear legitimate.

Agencies that analyze financial information to combat money laundering and corruption.

A law prohibiting bribery of foreign officials to gain business advantages.

Applies to US nationals and companies, and foreign entities trading on US exchanges.

Low-level official tasks where 'grease payments' may be permissible under the FCPA.

The Securities and Exchange Commission enforces the FCPA through civil measures.

The Department of Justice prosecutes criminal violations of the FCPA.

Measures imposed to influence behavior or policy of specific entities or countries.

A UN body authorized to impose sanctions to maintain international peace and security.

Part of the UN Charter allowing the UNSC to take enforcement measures.

Restrictive measures taken by the EU to achieve foreign policy goals.

EU framework for promoting democracy and human rights through sanctions.

A fraud scheme involving VAT fraud through cross-border sales.

A tax added to the sale of goods and services at each stage of production.

Providing financial support for terrorist activities.

Financial transactions that occur between parties in different countries.

Insufficient laws and systems to prevent financial crimes.

An intergovernmental organization that sets standards to combat money laundering and terrorism financing.

The integration of financial markets across the globe, allowing for faster capital movement.

Actions taken to prevent financial support for WMD development and proliferation.

The spread of weapons of mass destruction and their delivery systems.

Efforts to prevent the spread of WMDs through various strategies including financial controls.

Institutions that help prevent misuse of the financial system for proliferation financing.

A type of targeted sanction restricting movement of individuals associated with harmful activities.

Regulations to manage or prohibit the shipment of sensitive goods to prevent proliferation.

Items that could be used to create WMDs and are subject to strict export controls.

The primary legislation in the UK for imposing, updating, and removing sanctions.

The Office of Financial Sanctions Implementation, UK's lead department for financial sanctions.

Sanctions imposed by the UK regarding international terrorism and foreign states.

US agency that administers and enforces economic and trade sanctions.

Restrictions imposed on targeted countries, regimes, or entities by OFAC.

Sanctions specifically aimed at designated terrorists and organizations.

Activities tied to the spreading of weapons of mass destruction, often sanctioned by governments.

Individuals or organizations involved in illegal drug trade, facing US sanctions.

Establishes legal definitions for money laundering and terrorist financing.

Accepted practices for regulated entities to combat financial crimes.

Importance of disrupting criminal proceeds for global stability.

Countries fragile due to heavy reliance on illegal drug money.

An organization promoting global economic stability and combating financial crime.

Legal and regulatory structures to combat money laundering and terrorism financing.

Funding from IMF may require improving AML/CFT standards.

Agencies strengthening the AML/CFT frameworks in their countries.