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UK EU MENA GCC Time Zones
CPEs: 24
Instructor: Dennis Cox
Level: Intermediate
Tuition: £2,495.00
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NEW Sanctions Risk Management CMP100

Location: UK EU MENA GCC Time Zones

First Date: Sept 27- 29 2022

Duration: 2, 3 & 4 full or half-days (please note dates & locations)

Programme Director: Dennis Cox BSc FCA CFSI CISRM AIIA BFP

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward. 

All our 2022 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? 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

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. "
HSBC, UK
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.

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 Risk Management, accredited by CPD UK. 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?

Session 1: An Introduction to 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

Session 2: International Sanctions

• The sanctions regime globally
• 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

Session 3: 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

Session 4: The US Dimension

• Extra territoriality- US PATRIOT ACT
• OFAC and Enforcement
• FCPA, bribery and corruption

Session 5: 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

Session 6: How do Terrorists Finance

• Typical approaches and techniques
• Professional terrorist financing
• Cases identified
• Controls that need to be applied

Session 7: 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

Session 8: 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

Session 9: 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

Session 10: Discussion/Q&A

END

Learning Objectives

• 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 Risk Management

Course Fee

Add RISK15 voucher code at check out for additional savings

Course Fee (per person):
GBP £2,495.00 (+ UK VAT when applicable)

Number of delegates:

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