CGSC case studies
CGSC · Put your knowledge to work in context.
The ICA Certified Global Sanctions Compliance (CGSC) is a professional qualification offered by the International Compliance Association (ICA), a body whose subject areas include Managing Sanctions Risk alongside anti money laundering, governance, risk and compliance, financial crime prevention, and customer due diligence/KYC. The credential is aimed at compliance, risk and financial crime prevention professionals who need to understand and manage sanctions exposure within their organisations, and at those seeking a recognised, structured grounding in sanctions compliance practice. The CGSC case studies are 5 cases and about 2,402 words.
1The Partial Payment on a Frozen Receivable
A UK-based logistics firm ("LogiCo") has a long-standing contract with a shipping agent in a jurisdiction designated under the UK's Russia sanctions regime. The agent owes LogiCo £1.2m in freight charges for services rendered before the designation.
538 words, about 3 min2The Re-Export That Never Touched the UK
A UK-headquartered manufacturer of industrial pumps sells equipment to a distributor in the UAE. The distributor has now placed a follow-on order for 60 high-pressure pumps, stating they are destined for a water-treatment plant in a sanctioned country.
473 words, about 2 min3The Match That Wasn't Quite a Match
A mid-sized asset manager's automated screening tool flags a new client, 'A. Karimov', as a 92% match to a designated individual on a consolidated sanctions list.
482 words, about 2 min4The Subsidiary That Kept Selling
A European industrial group discovers during an internal audit that its Turkish subsidiary sold €3.4m of machinery components over 18 months to a customer that was added to a sanctions list eight months into that period. The subsidiary's local manager says he was unaware of the listing, that the components are 'general purpose', and that the parent's screening tool was not deployed in Turkey because the subsidiary used a local system with no consolidated-list feed.
413 words, about 2 min5The Charity, the Grant and the Controlled Territory
A UK-registered charity wants to send £250k to fund a mobile medical clinic operating in a region controlled by a designated armed group. The implementing partner is a local NGO not itself designated, but the region is subject to territorial sanctions, and the only practical banking route runs through a bank in the controlling authority's area.
496 words, about 2 min