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Sanctions Screening - A Best Practice Guide
Booking options
€140 - €260
Dates
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- Delivered Online• to
- Delivered Online• to
Highlights
Live Online
6 CPD Units | 6 Hours
HRDA Subsidised
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
The Sanctions landscape has changed significantly over the past month, with different AML/CTF obligations that each and every business must comply with. Professionals need to know how to deal with the increasing complexity.
One of the basic controls needed to manage Sanctions risk, is Sanctions Screening. Sanctions Screening includes the screening (or sometimes called filtering) of transactions against relevant lists but also the screening of customers, third parties and other relevant names.
The set-up of effective Sanctions Screening is important and includes numerous considerations like what the relevant lists to screen against are, who is responsible and how to assess hits against the lists?
This course will provide professionals with an overview of the most important topics and provide real life examples and best practices. A number of real life case studies will be discussed during the course to illustrate how ineffective sanctions screening led to regulatory fines and reputational risks.
Training Objectives
By the end of the programme, participants will:
Understand the set-up of Sanctions Screening processes
Be able to identify relevant lists for Sanctions Screening
Better understand the investigation process for hits against Sanctions lists
Training Outline
Overview of Sanctions and the Sanctions landscape
Sanctions Lists
Identifying relevant Sanctions Lists
Transactions Screening and Name List Screening
Setting-up the Sanctions Screening process
Handling Transaction Screening alerts
Handling Name List Screening alerts
Investigations best practices
Who Should Attend
This programme is ideal for:
Sanctions Compliance Officers
Sanctions Screening Analysts
Money Laundering Reporting Officers (MLROs)
AML Officers
Compliance Officers
KYC and front office staff involved in managing sanctions risks
Senior and Executive Management
Internal/external auditors
Consultants
In-house counsel
Training Style
The course takes a thorough and practical delivery approach. It uses presentations, skills, interactive group activities, multi-directional discussions and case studies which differ in involvement and complexity.
Best practices will be introduced that will proof to be highly valuable practical use in the organisation.
CPD Recognition
This programme may be approved for up to 6 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 6 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.
Facilitators
Holger Pauco Dirscherl
Holger Pauco-Dirscherl is an experienced and passionate Senior Financial Crime Prevention Professional with a unique blend of international knowledge, expertise and experience and fluent in English together with a good reputation in the national and international Financial Crime Prevention field. He holds an MBA from The Open University Business School and is certified as CAMS, CGSS, CAMS-Audit, CFE and CFCS. He worked in different operational and managerial roles within Financial Crime Prevention covering all areas such as AML, CTF, Fraud, Sanctions and ABC as well as KYC/CDD, KYE, Cross-Border Compliance, International Information Sharing, FATCA and other Compliance topics and including auditing all such topics.. Within these areas he covered both operational activities such as Procedures, Trainings, Monitoring, Screening and Controls as well as strategic activities as Risk Assessments, Policies, Projects and Framework build-ups within an ever changing local and global regulatory environment. Holger also investigated large, complex and international Money Laundering, Sanctions, Corruption and Fraud cases and identified suspicious activity and weak controls, processes, manuals and policies. Within his activities he offered pragmatic solutions to minimise Financial Crime and Regulatory Risk. He is also a recognized SME for Financial Crime Prevention heading the ACAMS Germany Chapter which he also founded, giving a wide range of trainings and acts as a speaker on conferences and symposiums both national and international.