Training Objectives

By the end of the programme, participants will:

• Understandthemethods and common practices usedfor implementing sanction regimes
• Understand their obligations arising from the legislation and directives on the subject, as well as specific issues such as risk assessment, record keeping, reports to authorities, due diligence measures, staff obligations, etc.
• Perform their duties and responsibilities under the Laws and Directives
• Develop and implement sound policies, practices and procedures for the proper assessment of risks arising from sanctions
• Be familiar with the common practices used to implement sanction regimes.

Training Outline

UN, EU & US Sanctions

• The essentials of international sanctions
• Embargos
• How this practically affects the services offered

Risk Based Approach to Sanctions (UN, EU & US)

• Risk mitigation processes Sanctions Due Diligence
• Implementation of Simplified to Enhanced Due Diligence relative to Sanctions
• How this practically affects an organisation

Discussion

Q & A

Who Should Attend

• Compliance Officers
• COOs
• CFOs
• Directors
• Senior Managers
• Regulatory compliance officers
• MLROs
• AML Officers
• AML professionals
• Administrators

Training Style

The programme is designed to deliver high-level knowledge and insights into the methods and common practices used for implementing sanction regimes. It will strive to enhance participants’ skills and knowledge via power-point presentations and practical examples.  

Participants will be encouraged to raise questions, seek clarifications and share their opinions from their different perspectives and engage in an exchange of views and personal professional experiences.

CPD Recognition

This programme may be approved for up to 2 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 2 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.