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Acams CGSS Exam - Topic 1 Question 1 Discussion

Actual exam question for Acams's CGSS exam
Question #: 1
Topic #: 1
[All CGSS Questions]

How often should a financial institution refresh and update its screening lists to meet regulatory expectations?

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Suggested Answer: D

Sanctions and Compliance Domains and regulatory authorities such as OFAC, EU, and OFSI require institutions to update sanctions lists as quickly as possible after a new designation or change is published.

Weekly, biweekly, or monthly cycles are insufficient and can result in missed designations. Financial institutions must adopt systems that update sanctions lists promptly to maintain compliance and avoid facilitating prohibited transactions.


Regulatory expectation for immediate or prompt sanctions list updates.

Screening list management best practices for timeliness and accuracy.

by Suzan at Dec 20, 2025, 06:26 AM

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Ronnie
2 days ago
Option D is the only way to go. Regulators love it when you're on top of things!
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Melissa
25 days ago
Haha, option A - every week? Who has time for that? Financial institutions have better things to do.
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Jenifer
1 month ago
C is the way to go. Three weeks is a good balance between timeliness and efficiency.
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Kanisha
1 month ago
I'd go with D - as quickly as possible. Can't be too careful when it comes to compliance!
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Johanna
1 month ago
Option B seems reasonable, updating every two weeks should be sufficient to meet regulatory requirements.
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Lettie
2 months ago
I recall that frequent updates are crucial, but I can't remember if it was weekly or bi-weekly that was emphasized in our study materials.
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Lashon
2 months ago
I’m a bit confused; I thought it was every two weeks, but now I’m questioning if that’s enough.
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Latosha
2 months ago
I'm confident that C) Every three weeks is the right choice. The course covered this topic in detail, and that timeframe aligns with what we learned.
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Daniela
2 months ago
B) Every two weeks sounds like a good compromise between being responsive and not overdoing it. I'll make sure to note that down as a potential answer.
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Vivienne
2 months ago
D) As quickly as possible seems like the safest option here. I don't want to risk falling behind on regulatory requirements.
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Halina
2 months ago
Hmm, I'm a bit unsure about this one. I know the regulations are important, but I'm not sure how often they expect the lists to be updated. Maybe I should review the course materials again.
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Caitlin
3 months ago
I think I'd go with C) Every three weeks. That seems like a reasonable timeframe to stay on top of regulatory changes.
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Dwight
3 months ago
I practiced a similar question, and I feel like "as quickly as possible" might be the best answer since regulations can change rapidly.
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Reid
3 months ago
I think D is the best choice. Quick updates are crucial.
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Beckie
3 months ago
I think I remember something about weekly updates being a common recommendation, but I'm not entirely sure.
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