Training Objectives

By the end of the programme, participants will:

• Understand how to apply and interpret sanctions provisions to specific cases
• Know how to complete and file applications with the Sanctions Unit
• Mitigating Risks in Sanctions Compliance

Training Outline

The course will provide an overview of the following:

• EU Regulation 833/2014 and Regulation 269/2014 and who is caught
• The role of the Sanctions Unit under the Ministry of Finance and how to file applications for approval/licence to continue providing services
• Effect on trusts, legal and corporate services
• Asset freeze provisions
• Impact on trusts of specific sanctions and addressing compliance challenges
• Case studies

Who Should Attend

• Professional individual trustees
• Professional corporate trustees
• Private Trust Companies
• Directors and Senior Management
• AML Officers
• Lawyers
• Regulatory Compliance Officers
• Industry Regulators and Competent Authorities personnel

Training Style 

The programme is designed to deliver high-level knowledge and insights into the EU Restrictive Measures – sanctions regime. It will strive to enhance participants’ skills and knowledge on the application of such restrictive measures, the different types of sanctions with special focus on the provision of professional services to clients with a Russian connection trough power point presentation and practical examples.

The training style is both training-focused, involving a combination of presentation and real-live examples, but also learner-focused, where participants are 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.

In-house Training

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