Sanctions Compliance

Consider the following case. A client of the bank requests a USD pre-export financing facility to deliver certain ‘dual use’ goods to a SPV that is registered in a NATO country and that is a subsidiary of a large conglomerate. What are the Sanctions compliance implications of this transaction for the bank and how will you advise the client?

The answers to these questions are important because Regulators around the world take an uncompromising view to holding (financial) institutions accountable for compliance with Sanctions regimes. These regimes, be they from the US, EU or elsewhere, are complex and subject to frequent changes, so how do you assure yourself that you are on safe ground?

The i-KYC Sanctions Compliance workshop is a must-attend opportunity to enhance your knowledge of the nature of Sanctions regimes and their reach in terms of geography and type. Time will be devoted to deepen organisational awareness of topics such as where to draw the line, determine substance over form, client communication etc..

Target Audience

This half day workshop is especially relevant for (Senior) Client Relationship Managers, Risk Management analysts, Compliance officers, AML analysts and Senior Executives.

Objectives

At the end of the training, participants will have enhanced their awareness of Sanctions compliance and be able to:

  • Compare and describe the nature and reach of the main Sanctions regimes;
  • Discuss the impact of Sanctions regimes on the bank’s business;
  • Identify key Sanctions Red Flags;
  • Communicate professionally with customers regarding Sanctions compliance;
  • Advise senior (risk) management regarding Sanctions related matters.

Topics:

  • Main sanctions regimes differences and similarities,
  • Monitoring clients and activities
  • What the organisation must know, do and have
  • Case studies

Duration

This training requires a half day commitment.

Sanctions Compliance

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