Cryptoasset Anti-Financial Crime Specialist (CCAS) Certification Practice Test

What method of sanctions evasion involves the technique of transshipment?

1. Ownership

2. Trade

3. Travel

4. Payments

The correct answer is: Trade

Transshipment is a method of sanctions evasion where goods are shipped from one location to another through an intermediate port or location, often to conceal their origin or final destination. This technique is commonly employed in trade-related sanctions evasion. The idea is to make it appear that the goods are coming from a different source, thereby circumventing restrictions imposed by sanctions. In the context of trade, this method allows individuals or companies to route shipments through countries that are not subject to the same sanctions, allowing them to continue their business despite restrictions. This deceptive practice is facilitated by the global shipping industry, where multiple shipping routes and intermediary ports create opportunities to modify shipping documents and alter the perceived route of goods. The other options, such as ownership, travel, and payments, do not specifically describe methods that inherently utilize transshipment. Ownership could involve changing the registered owners of goods to bypass sanctions, travel pertains to the movement of individuals rather than goods, and payments relate to financial transactions but do not directly involve the logistical manipulation of shipping paths like transshipment does. Therefore, the focus on trade makes it clear that this is the correct association with the method of sanctions evasion involving transshipment.