Sanctions eLearning

This introductory eLearning module explains why it is so important for firms to understand what sanctions are, what sanctions regimes may apply and how to manage and mitigate the risk of breaching relevant sanctions.

With a very practical focus, the training module describes who implements sanctions and why they do that; how these regimes have effect and in what way you and your firm may come within their scope; and how, by taking a systematic and risk-based approach you can manage and control those risks, following recommended best practice.

This module and the end assessment can be tailored to incorporate client-specific content.

This module is suitable for all employees who require an overview of the topic and can be tailored to include reference to your firm’s specific policies and procedures.

Where required, it can also be supplemented by additional face-to-face (or virtual) training for those members of staff who would benefit from more detailed and/or bespoke training.

• What Are Sanctions?
  • Financial sanctions
  • Commercial and economic sanctions
  • The purpose of sanctions
    
    
• The Key Sanctions Implementing Bodies
  • UN Sanctions
    • The UN’s role in and approach to sanctions
    • Member states and the application of UN sanctions
    • UN Sanctioned countries

• • US Sanctions
    • Office of Foreign Assets Control (OFAC)
    • Scope and applicability of US Sanctions
    • Sanctioned countries
    • Specially Designated Nationals
    • Sectoral and other types of sanctions
    • OFAC licences

• • EU Sanctions
    • Scope and applicability
    • Local enforcement
    • Iranian JCPOA divergence

• • UK Sanctions
    • Scope and applicability
    • Key sanctions lists
      
      
  • Russia-related Sanctions
    
    • Overview of the types of sanctions imposed
    • Key things to consider
      
      
• Penalties & Enforcement
  • Overview
  • Examples
    
    
• Managing Sanctions Risk
  • Sanctions Risk
    • The importance of a risk-based approach to sanctions
    • Best practice
    • Clients and associated parties
    • Red flags

• • Ongoing Monitoring
    • Periodic reviews
    • Trigger reviews: Types, analysis, who does what
    • Internal reporting: when and to whom
      
      
  • Assessment