CSS Study Guide 2026
Everything you need to pass the CSS exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CSS Exam Format at a Glance
📚 CSS Topics to Study (38)
✍️ Sample CSS Questions & Answers
1. In the context of trade-based sanctions evasion, 'transshipment' refers to:
Transshipment as a sanctions evasion technique involves routing goods through a third, non-sanctioned country (a 'transit hub') to obscure that they originated from or are destined for a sanctioned country.
2. What is a 'specific license' in the OFAC licensing framework?
A specific license is an individual written authorization from OFAC permitting a particular person or entity to engage in a transaction that would otherwise be prohibited.
3. The Berman Amendments to IEEPA and TWEA exempt which category of activities from US sanctions restrictions?
The Berman Amendments prohibit the President from using IEEPA or TWEA to restrict the importation or exportation of information or informational materials, protecting free flow of information.
4. Which international body publishes risk indicators specifically designed to help financial institutions detect trade-based money laundering and sanctions evasion?
FATF has published guidance and trade-based money laundering (TBML) risk indicators to help financial institutions and regulators identify suspicious trade transactions that may involve sanctions evasion, money laundering, or terrorist financing.
5. Which OFAC program guidance specifically addresses the sanctions compliance obligations of the insurance sector?
OFAC has published specific guidance for the insurance industry (including brokers, agents, and underwriters) outlining how sanctions obligations apply to insurance products such as policies, claims, and reinsurance.
6. Which of the following best describes 'disgorgement' as used in OFAC civil settlements?
Disgorgement requires a violator to give up profits earned through the sanctions violation, preventing unjust enrichment and serving as a deterrent beyond the base civil penalty.