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Acams CGSS Exam - Topic 4 Question 9 Discussion

Based on EU best practices with respect to sanctions exemptions, which payment may a financial institution process for a designated person?
A) Newspaper subscription
B) Salary
C) Taxi ride
D) Luxury clothing purchase

Acams CGSS Exam - Topic 4 Question 9 Discussion

Actual exam question for Acams's CGSS exam
Question #: 9
Topic #: 4
[All CGSS Questions]

Based on EU best practices with respect to sanctions exemptions, which payment may a financial institution process for a designated person?

Show Suggested Answer Hide Answer
Suggested Answer: A

EU best practices allow processing of payments that fall under permitted exemptions such as basic needs and reasonable living expenses. These may include essential subscriptions such as newspapers or communication services, provided proper authorization or notification is followed.

Salary payments generally require strict conditions and may not be allowed directly for designated persons. Taxi rides and luxury purchases are not considered basic or essential needs and cannot be processed.


EU restrictive measures exemptions for basic needs and essential services.

Conditions for processing payments for designated persons.

by Simona at Apr 10, 2026, 09:36 PM

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Barrie
4 days ago
D is definitely not okay. Luxury items are banned.
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Charlesetta
10 days ago
But C seems reasonable. Taxi rides are basic needs.
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Ressie
15 days ago
A could work too. Newspapers are essential.
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Leslie
20 days ago
I think B is the best choice. Salaries are often exempt.
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Alona
25 days ago
I doubt C) Taxi ride would be exempt either.
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Corrinne
1 month ago
Wait, can they really process A) for a designated person?
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Carlee
1 month ago
Definitely not D) Luxury clothing purchase!
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Britt
3 months ago
A) Newspaper subscription seems reasonable too.
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Glory
3 months ago
I think B) Salary is usually allowed.
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Latonia
3 months ago
Newspaper subscriptions could be an exception too, but I’m not confident about that. I wish we had more examples in class!
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Nadine
4 months ago
If I recall correctly, taxi rides might be permissible for designated persons, but I can't remember the specifics.
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Carissa
4 months ago
I feel like we practiced a similar question where we discussed what types of payments are typically prohibited. Luxury clothing definitely seems like a no-go.
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Paz
4 months ago
I think I remember something about salary payments being allowed under certain exemptions, but I'm not entirely sure.
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