Sanctions Compliance officers and managers, in addition to transfers and trade finance staff in the following industries:
- Banking Industry
- Insurance and reinsurance Companies
- Brokerage agencies
- Leasing and Microfinance Companies
- Lending Firms
- Exchange Houses and Money Service Business
Workers in the supervisory authorities e.g:
- Central Banks
- Financial Sector Regulatory Authorities
- Financial Intelligence Units FIUs
- Related Ministries and government bodies
- More
Workers at the (IT solution firms) who provide sanctions and name screening systems.
About the Certificate:
This program will provide you with the latest practical knowledge of Global Sanctions Compliance and enhance the level of protection provided by your name-screening systems.
Our study guide for this certificate defines the compliance controls of three distinct pillars: Processes, Systems, and Reports. It also discusses the most important sanctions regimes issued by the UN, EU, and OFAC.
Additionally, our program teaches you how to deal with sanctioned or high-risk countries, work on name screening tools & sanctions systems, understand violation reports, interpret the results, take decisions, and more.
What Sanctions & Counter-Proliferation Finance Are
- Understand the concept of Sanctions and Embargoes.
- Identify the parties that issue sanctions (United Nations Security Council, European Union, and OFAC).
- Differentiate between types of sanctions (comprehensive, sectoral, targeted, global human rights).
- Comprehend the consequences of non-compliance with sanctions.
- Define and understand proliferation and proliferation finance and their obligations.
- Conduct proliferation finance risk assessment
- Identify red flags and typologies of proliferation finance.
International Context
- Learn about the sanctions imposed by the UN, the European Union, and the Office of Foreign Assets Control (OFAC).
- Understand the roles of governments, regulators, and financial institutions in sanction compliance.
Processes
- Understand the customer onboarding and account opening procedures.
- Contrast automatic versus manual name screening.
- Consider important factors during the account opening process review.
- Understand when and how the name screening should be undertaken.
- Acknowledge the significance of training in sanction compliance.
- Learn about the screening system's matching ranks and algorithms.
- Understand Delta Files and documentation.
- Learn how to perform manual and automated name screening.
- Understand de-risking activities.
- Learn about Banking Authenticated Messages (SWIFT) and the different types of SWIFT messages.
Systems
- Discover Computer Assisted Audit Techniques (CAAT).
- Understand how to use internal system lists to ensure sanction compliance.
- Discover the general sanctions software highlights.
- Learn how to reduce the number of false positives in name screening tools.
- Understand the Wolfsberg Sanctions Screening Guidance.
- Learn how to minimise the number of false alerts generated by name-screening tools.
Reporting
- Understand the structure of violation reports.
- Analyze the findings of violation reports.
Countries' Sanctions Highlights (Excluded from the assessment).
- Learn about Russia's sanctions and countermeasures, as well as those imposed on China, Hong Kong, Syria, North Korea, Iran, and Cuba.