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UK EU MENA WAT GCC Time Zones
CPEs:
24
Instructor:
Dennis Cox
Level:
Intermediate
Tuition:
£3,495.00
NEW Sanctions Update & Sanctions Risk Management CMP100
Location: UK EU MENA WAT GCC Time Zones
Duration: 3 days
Programme Director: Dennis Cox FCSI FRISM FCA AIIA Author, The International Handbook of Money Laundering Deterrence
All Dates & Locations
Venue Details
Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.
All our 2023 Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.
Need to bring this course in-house and/or Face-to-Face for any sized group or 1:1 tutorial? Simply contact us for significant cost savings and dates to meet your business and development goals.
"...never enough information about sanctions in financial crime training...."HSBC, Taiwan
Agenda Highlights
Session 1: An Introduction to Sanctions
Session 2: International Sanctions Update
Session 3: How are Sanctions Breached?
Session 4: The US Dimension
Session 5: Terrorist Financing
Session 6: How do Terrorists Finance
Session 7: Conducting Investigations
Session 8: Account Set Up
Session 9: Monitoring Activity
"This what exactly what we needed, and is rather rare trained this way. Extremely valuable. "Compliance Officer, African Bank
Overview
The sanctions rules are under increased scrutiny due to the recent changes imposed globally as a consequent of the recent European geopolitical crisis. This has put pressure on organisations to revise their ways of working and increase knowledge of the standards.
This timely course not only looks at the changes to the sanctions standards together with international guidance but also considers the financing of terrorism which is also an area of increasing global business and governmental concern.
The programme provides practical advice and guidance which will assist any business with
a risk-based approach as to confronting the issues to be and how to mitigate them rather
than to focus narrowly on the sanctions requirements for banks, financial institutions and corporations.
"[The trainer] provided an excellent sanctions risk management programme. Thank you."Compliance officer, National Bank of Egypt
Who Should Attend
• Staff that deal with clients on a day-to-day basis
• Compliance specialists
• Risk Managers & Internal auditors
• Financial Crime Managers & Nominated Officers (NO)
Delegates who complete the course will receive a Certificate of Sanctions and Sanctions Risk Management, and for those who require a demonstration of competence via training, a 20 multiple choice question assessment, fully invigilated with results report and a resit, is included in the price.
Additional Course Information
What Does It Cover?
Understanding Sanctions
• The role of sanctions
• Where are they implemented
• Sanctions and Sanctions Risk
• Client on-boarding and sanctions
• The questions to ask
• The most recent sanctions changes – what do they mean
• Education and training
• Guidance and actions
Practical case study
International Sanctions
• The sanctions regime globally – An update
• The UN and EU and local legislation
• International purposes of Sanctions
• Relationships and knowledge
• Policies, procedures and actions
• Implementing a global sanctions regime
Practical case study
How are Sanctions Breached?
• The typical approach adopted
• State organised or professional business units
• Routes to avoid sanctions
• Known cases in practice
• How to raise awareness
• Maintaining suitable scepticism
• Using AI
• Modelling and monitoring
• Activities and actions
Video presentation
The US Dimension
• Extra territoriality- US PATRIOT ACT
• OFAC and Enforcement
• FCPA, bribery and corruption
Terrorist Financing
• What is a terrorist?
• How will they be defined
• What do your staff need to know
• The requirements and obligations
• The relationship to money laundering and fraud deterrence programmes
• Where is information available?
• Additional activity required
• Building an appropriate structure
• The importance of education
Practical Case Study
How do Terrorists Finance
• Typical approaches and techniques
• Professional terrorist financing
• Cases identified
• Controls that need to be applied
Conducting Investigations
• Tipping off
• Obtaining information with care
• Conducting internal interviews
• Obtaining external information
• Reporting your concerns
• Exiting a client relationship
• Dealing with a disgruntled customer
• Avoiding false positives
Case Study: Role Play
Account Set Up
• Which types of accounts are most likely to fall prey to terrorist financing
• Are all products equally at risk
• The reputational impact
• Implementing relevant policies and procedures
• It’s not about the rules – it’s about you and your firm
• Obtaining information in specific cases
• Dealing with high risk customers and countries
• What is enhanced due diligence really?
Practical Case Study
Monitoring Activity
• What should be done to identify terrorist financing?
• How will you check whether an existing client has sanctions against them now?
• Dealing with reports generated by systems
• Investigating concerns
• Wilful blindness
• Reporting to the FIU
• Monitoring by senior management
• Annual reporting and control
Practical case study
Discussion/Q&A
END
Learning Objectives
Delegates will gain specialist technical and behavioural knowledge, techniques and approaches to apply in the workplace, specifically
• To understand the changing rules on sanctions and how they are applied globally
• To appreciate how sanctions are avoided
• To understand the role of sanctions risk and the way investigations are conducted
• To enable participants to understand what terrorist finance really are.
• The techniques used by terrorist financiers
• To consider the rules and regulations applying and think through the issues attached to suspicion and reporting.
• Participants will learn how to understand the mind of a terrorist financier and will be able to consider the control structures they may employ in their particular jurisdiction.
Social Learning & Methods
Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.
(An invitation via email with access link is included for all participants.)
Registration
NEW Sanctions Update & Sanctions Risk Management
Course Fee
Apply RISK10 discount voucher code at check out through Feb 15 2023
Course Fee (per person):
GBP £3,495.00 (+ UK VAT when applicable)
Get in touch and see how Risk Reward can help you
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