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Certificate in Sanctions Compliance

This Level 3 Certificate provides a thorough understanding of economic sanctions


London Governance & Compliance Academy

Summary

Price
£650 inc VAT
Or £54.17/mo. for 12 months...
Study method
Online
Duration
25 hours · Self-paced
Access to content
365 days
Certification
Certificate in Compliance
Professional certification What's this?
Additional info
  • Exam(s) / assessment(s) is included in price

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Overview

In this day and age, it’s crucial to know everything there is to know about international economic sanctions.

With AGRC’s Certificate in Sanctions Compliance, you will acquire the theoretical and practical knowledge and skills to comply with any sanction imposed and protect your business from penalties and reputational damage.

Over the past several decades, international economic sanctions have become a central instrument in global governance, being employed by both sovereign states and international organisations.

More recently, there has been a shift towards ‘smart’ or targeted sanctions that aim at the political and economic elites of targeted countries (e.g., through asset freezes and travel bans) rather than a more comprehensive sanctions approach (e.g., large-scale trade or oil embargoes) that has a detrimental effect on civilian populations.

In the era of financial globalisation, such ‘smart’ sanctions entail increased compliance obligations for state institutions and private organisations which, if not met, carry significant fines, penalties, and other adverse consequences.

Certification

Certificate in Compliance

Course media

Description

This certificate provides a thorough understanding of sanctions and an opportunity to explore the recent global trends in economic sanctioning, while tracing the roles of the relevant actors within this complex framework.

You will examine the motives and rationale behind such decisions, the effects and consequences experienced not only by the targeted parties but also those doing business with them, either directly or indirectly.

The certificate is structured to offer the relevant knowledge with reference to practical examples that will enable for a sanctions compliance strategy to be conducted in an effective manner, essential to mitigating the sanctions risk.

Topics Covered

• Definition of sanctions
• Framework and legal basis
• The international framework
• Multilateral sanctions
• Unilateral sanctions and key sovereign states
• The legal and institutional framework
• Categories of restrictive measures
• Administration of sanctions
• Managing and mitigating sanctions risk
• Sanctions compliance programmes
• Processes and systems
• Sanctions screening and evasion

Expected Learning Outcomes

Upon completing this certification, you will be able to:

• Understand sanctions and the importance of compliance
• Understand why it’s important to comply
• Review and understand the global sanctions framework
• Define a sanctions compliance programme and governance framework
• Define sanctions lists and screening
• Manage alert investigations
• Understand sanctions risk
• Determine how much your institution is vulnerable to sanctions risks
• Apply modern methodologies that will increase the efficiency and effectiveness of your programme
• Protect your institution from dealing with embargoed individuals or entities
• Understand the best practices for sanctions compliance controls

Who is this course for?

  • Financial crime and regulatory compliance professionals
  • Professionals working within the sanctions environment who wish to certify their knowledge
  • Operational staff who need to understand the importance of sanctions compliance
  • Regulators
  • Consultants
  • AML, compliance, and risk professionals
  • Anyone working in financial services interested in attaining a better understanding of how sanctions work

Requirements

No previous knowledge or experience is required, although it is assumed that participants have good knowledge of English and sound educational background.

Questions and answers

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.