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Advanced Sanctions Risks

2 Part Course  |  A thorough analysis of important topics in sanctions risk management

Advanced Sanctions Risks Training Course

A one-day course presented in two half-day live webinars

  • The course is designed to provide a thorough analysis of important topics in sanctions risk management
  • The course is designed to examine sanctions risk exposures from a holistic perspective, ensuring that all aspects are properly explored
  • The course is specifically designed to elicit contributions and personal experiences from participants
  • The course includes numerous case studies drawn directly from specific events, institutional failures and ongoing issues in financial institutions, and as such will be highly interactive
  • The course is developed and delivered by a professional trainer with extensive experience in banking and the financial markets, as well as, training financial crime in both wholesale and retail markets

  • To assist participants in developing a deeper understanding of the nature of sanctions risks exposures
  • To assist participants in developing a deeper understanding of the way in which sanctions risk exposures arise and permeate business activities in financial institutions and their business relationships
  • To enhance participants’ knowledge and awareness of some of the key sanctions risk management topics and issues that must be addressed within financial institutions
  • To enhance participants’ knowledge and awareness of best practices in deterring and detecting sanctions risk exposures
  • To provide executives, senior managers and risk professional with greater awareness of their roles and responsibilities in respect of the management of sanctions risks

Part One

Session 1: Introduction

  • Global Sanctions Framework
  • CAATSA
    • Russia and Sectoral Sanctions Identifiers
    • North Korea
    • Iran & the JCPOA
  • EU Sanctions
  • EU Blocking Mechanisms
  • Exercise: US Person vs US Nexus
  • Exercise: Haverly
  • Case Study: Singapore Telecom

Session 2: Sanctions & Beyond

  • The Magnitsky Act
  • Global Magnitsky & Sanctions Deterrence
  • Venezuela Sanctions
  • Sudan Sanctions Update
  • Beyond Sanctions
  • US Export Regulations
  • Emerging Sanctions Risk Management Challenges

Session 3: Assessing Sanctions Risk Exposures

  • Group Discussion: The Risk Based Approach
  • The Risk Based Approach
  • Determining Sanctions Risk Exposures
  • Group Discussion: Who Are Our Customers?
  • Industries & Customer Types
  • Jurisdiction
  • Geography
  • MSBs
  • Trade Finance
  • Correspondent Banking
  • Narratives
  • Case Study: The UNDP in North Korea

Session 4: Key Topics in Sanctions Evasion

  • Huawei & ZTE
  • North Korea
  • Russia
  • Iran & Turkey
  • Venezuela
  • Gold & Cryptocurrencies
  • Integration of Money Laundering & Sanctions Evasion Techniques
  • Featured Sanctions Evasion Techniques
  • Case Study: Turkey and Iran’s Gold Trades
  • Case Study: Russian / Gazprom Offshore Financing

Part Two

Session 7: US Sanctions on Iran, North Korea, Syria & Myanmar

  • Iran
    • Prohibitions & Restrictions
    • Collapse of the JCPOA
    • Additional Sanctions on Sectors of the Economy
  • North Korea
    • CAATSA North Korea
    • UNSC Sanctions
  • Syria Prohibitions & Restrictions
  • Myanmar Restrictions & Prohibitions
    • Regime Focus
    • Implications for Business

Session 8: US Sanctions on China, Venezuela & Cuba

  • China
    • CMICs
    • SDN vs Non-SDN
    • Subsidiaries
    • Investment & Advisory Services
    • Future Designations
  • Venezuela Sanctions Targets
    • The Regime
    • PdVSA
  • Cuba
    • Embargo
    • EU Approach

Session 9: EU / UK Sanctions on Iran, China & Venezuela

  • Iran
    • Prohibitions & Restrictions
    • JCPOA
    • US Blocking Mechanism
  • China
    • EU vs European Parliament
  • Venezuela Travel Bans & Asset Freezes

 Session 10: Sanctions & Beyond

  • The Magnitsky Act
  • Global Magnitsky & Sanctions Deterrence
    • US, EU, UK
  • Beyond Sanctions
  • US Export Regulations

 Session 11: Assessing Sanctions Risk Exposures

  • Group Discussion: The Risk-Based Approach
  • The Risk-Based Approach
  • Determining Sanctions Risk Exposures
  • Industries & Customer Types
  • Jurisdiction
  • Geography
  • MSBs
  • Trade Finance
  • Correspondent Banking
  • Emerging Sanctions Risk Management Challenges
  • Case Study: Singapore Telecom
  • Case Study: The UNDP in North Korea

Session 12: Key Topics in Sanctions Evasion

  • Huawei & ZTE
  • North Korea
  • Russia
  • Iran & Turkey
  • Venezuela
  • Gold & Cryptocurrencies
  • Integration of Money Laundering & Sanctions Evasion Techniques
  • Featured Sanctions Evasion Techniques
  • Case Study: Turkey and Iran’s Gold Trades
  • Case Study: Russian / Gazprom Offshore Financing

Session 13: Sanctions CDD

A follow up to the previous two sessions, which provide the context within which we may consider the possibility of a specific or particular approach to Sanctions CDD.

  • How should we approach sanctions CDD?
  • Is there a difference vis-a-vis regular CDD?
    • ID & V
    • KYC
    • ODD
    • EDD
  • Beneficial Ownership & the 50% Rule
  • Documentation and Management of Sanctions Exposures?
  • Case Study: Arab Bank Jordan
  • Case Study: 650 Fifth Avenue, New York

 Session 14: Sanctions Lists

  • Group Exercise: What are The Challenges in Compiling an Effective Sanctions Lists
  • Regimes
  • Sources
  • Individual Name Challenges
  • Corporate Entities
    • Which Names?
    • Which Address?
  • Geographic Challenges
    • Place Names
    • Regions
    • Post Codes
    • IP Addresses
  • Data Challenges
  • Market Intelligence
  • Importance of 1st and 2nd Line of Defence
  • Controls
  • Case Study: The Forbes List of Russian Oligarchs & Kremlin Associates
  • Case Study: BitPay

 Session 15: Sanctions Screening

  • Exercise: Design a Comprehensive Sanctions Screening System
  • Who Do We Screen?
  • What Do We Screen?
  • On What Basis Do We Screen?
  • When Do We Screen?
  • What Actions Do We Take?
  • Domestic? Cross-Border? Both?
  • IT & Systems
  • Challenges
  • Screening Risk Management
  • The Wolfsberg Guidance on Sanctions Screening
  • Case Study: The Cover Payments Problem

Session 16: Sanctions Risk Management

This session pulls together much of what has been covered in the previous sessions

  • Group Exercise: Design a Comprehensive Sanctions Compliance Programme
  • The OFAC Framework for Compliance Commitments
  • Sanctions Risk Culture

The trainer, MBA FCCA, is an investment banking governance, audit, risk and compliance specialists who has extensive international experience. He holds an MBA from CASS Business School, London and is a Chartered Certified Accountant.

He worked for Price Waterhouse in Kingston, Jamaica prior to arriving in London just after Big Bang in 1986 and subsequently worked for a number of major institutions including Manufacturers Hanover Trust, Continental Bank, CIBC and ABN AMRO. His roles have included internal audit, product control, risk management and SOX.

In addition to gaining experience in the major global financial centres the above roles covered all aspects of regulation, governance and internal controls over the origination, sales and trading of a broad range of investment banking and capital market products. These products include: credit trading and credit derivatives; asset securitisation and structured finance; foreign exchange and foreign exchange options; interest rate derivatives; commodities and treasury.

He has also served as a business manager where he played a leading role in the development and implementation of major strategic initiatives within global banking and markets. This was followed by the delivery of a training and cultural change programme in alignment with that strategy, across 50 countries.

The trainer currently focuses on delivering financial crime courses for major banks (HSBC, Soc Gen, RBS, Lloyds, Nordea and Handelsbanken) covering AML, Sanctions, Tax Evasion, Terrorist Financing Bribery & Corruption, as well as their related governance aspects. This delivery encompassed frontline staff and senior managers across global, private, corporate and retail banking in the UK, Europe, Asia, Middle East, Africa, US and the Americas.

He has also run train the trainer (TTT) courses and presented in front of US regulators. In addition, he delivers training programmes in Audit, Operational Risk, Treasury, Basel III, Liquidity Management, Capital Management and the Internal Capital Adequacy Assessment Process (ICAAP).

He has delivered over 150 courses online via WebEx and Zoom.

The course is designed to improve participants’ awareness and knowledge of sanctions risks in banks and financial institutions. It focuses on some of the most significant control issues and how best to approach the development of a sanctions risk management framework. The course will be of significant benefit to sanctions specialists, financial crime specialists and other risk professionals, as well as, executives and managers who have a responsibility for managing their organisation’s sanctions risk exposures.

  • Presentation was lively and there was good interaction with participants
  • The structure, cases and examples were all great
  • The instructor was able to explain the content and was clearly very knowledgeable in this field as he was able to answer questions succinctly and add additional depth to the topic. The explanations of the level of sanctions and how far reaching these were, along with the case studies
Number of places:
Part 1
Number of places:
Part 2

£695.00

Per participant per part
Discounts available for multiple place booking find out more
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