Acams CGSS Exam - Topic 4 Question 9 Discussion

Actual exam question for Acams's CGSS exam

Question #: 9
Topic #: 4

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

ANewspaper subscription

BSalary

CTaxi ride

DLuxury clothing purchase

Show Suggested 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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Latonia

12 days 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

17 days 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

22 days 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

27 days ago

I think I remember something about salary payments being allowed under certain exemptions, but I'm not entirely sure.

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