Sanctions Compliance

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?

Course Overview

This highly interactive sanctions compliance training has especially been designed by subject matter experts. Participants will gain valuable general knowledge about sanctions, how sanctions may impact their business and how to ensure compliance with relevant sanctions regimes.

Target Audience

This Sanctions Compliance course is especially relevant for (Senior) Client Relationship Managers, Trade Finance (Operations) specialists, Risk Management analysts, Compliance officers, CDD analysts and Senior Executives.

Knowledge Test & Certification

Each module will end with a Knowledge Check to test if the participants have understood the content of the training. The results of the tests can be saved or printed and can serve as an audit trail for evidence towards the regulator

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