Sanctions: a Real Threat

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• > Analysing Financial Scandals and Failures
• > Emerging Risks: What You Need to Know
• > How Criminals Abuse Offshore Structures
• > How to Due Diligence Clients
• > Insider Dealing, Market Manipulation and Market Abuse
• > MLRO and MLCO Induction
• > MLRO and MLCO Update
• > Preventing Fraud
• > Risk Management and Basel II
• > Sanctions: a Real Threat
• > SARS: Theory and Practice
• > Terrorist Financing: What are the Risks?
• > The Danger of the US Dollar
• > The Money Laundering Order and Handbook Explained

Course Content

• The objectives of sanctions and their relevance to financial institutions

• UN Sanctions, EU Sanctions, UK Sanctions, US Sanctions

• The OFAC Regime: particular emphasis will be placed on the OFAC Regime and its extra-territorial implications

• The relationship between OFAC and key provisions of the Patriot Act

• An examination of the key risks posed by the sanction regimes through case studies and discussion

• Complying with sanctions programs

• Handling a sanctions breach: how a sanctions breach can damage reputation and how to minimise damage in the face of an allegation of breach

Learning Outcomes

Having attended this course, delegates will:

• Understand the types of sanction regimes and their importance to financial institutions

• Identify the purpose of sanctions programmes

• Recognise the impact sanctions breaches have on your organisation

• Be aware of how a breach of sanctions can damage reputation and how best to minimise that damage in the face of an allegation of breach