Sanctions Training 2022

What is the meaning of TFS?

• Targeted Freeze Sanctions

• Targeted Financial System

• Terrorism Financing Sanctions

• Targeted Financial Sanctions

A person or entity listed in the UN Security Council Consolidated List

• Covered Person

• Designated Person

• Sanctioned Person

• Assigned Person

Refers to the blocking or restraining of assets from being transacted

• Asset preservation

• Confiscation of assets

• Freeze order

• Transaction prohibition

An aggrieved party may file a petition with the Court of Appeals within 30 days from issuance of the freeze order

• True

• False

Refers to an individual or entity whose identity matches all the information in the Consolidated List

• Exact match

• Potential target match

• Name match

• Target match

When there is a target match, the Bank must file a return within 24 hours from receipt of AMLC's confirmation

• True

• False

Which of the following is NOT an example of Sanctions Evasion?

• Non-reporting of STR

• Concealment of goods destination

• Stripping of remittance information

• Consolidation of goods

Once a freeze order is effected, persons are prohibited from dealing with subject funds except for authorized dealings

• True

• False

Refers to the remedy aimed to maintain the value of assets subject of a freeze order

• Asset Management Order

• Asset Preservation Order

• Asset Conservation Order

• Asset Valuation Order

A Suspicious Transaction Report must be filed within how many days from date of occurrence?

• 1

• 3

• 5

• 7