2 Part Course  | 
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Advanced Sanctions Risks

2 Part Course  |  Learn from a thorough analysis of important topics in sanctions risk management

A chessboard with the pieces arranged in a strategic position

A one-day sanctions training presented over two-half days in a virtual class from 9:30am to 1:00pm UK time

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pdf Download:   Course Category Brochure  |   Course Outline

Sanctions Training - Part One

Session 1: Introduction

  • The Global Sanctions Framework
  • Applying Sanctions

Session 2: US Sanctions on Russia

  • Countering American Adversaries Through Sanctions Act (CAATSA) SSIs
    • Financial Institutions
    • Energy Companies
    • Defence & Intelligence Agencies
    • Overseas Ownership by Energy Companies
  • Facilitation & Secondary Sanctions
  • Investment in State-Owned Enterprises
  • Restrictions on Crimea
  • Crimea Sanctions
    • Technology & Defence Sector
    • Russian Sovereign Debt
  • Russian Harmful Foreign Activities Sanctions
    • Major Russian Banks
    • Oligarchs & Proxies
    • Imports & Exports
    • Investments
    • Definition of Investment
    • Sovereign Debt
    • Energy
    • Ministry of Finance, Sovereign Wealth Fund & Central Bank
    • Correspondent & Payable Through Accounts (PTAs)
  • Prohibitions on Services

Exercise: Company A
Case Study: Sibneft Privatisation
Case Study: The Russian Laundromat

Session 3: EU Sanctions on Russia

Pre Ukraine Invasion

  • Prohibitions & Restrictions
    • Finance
    • Defence
    • Dual-Use Goods
    • Energy
    • Economic Cooperation
  • Asset Freezes and Travel Bans on Individuals
  • Crimea Restrictions
    • Business
    • Investment
  • SWIFT Ban on Major Banks
  • Prohibitions & Restrictions
    • Individual Bans & Asset Freezes
    • EU Capital & Financial Markets
    • Financial Institutions
    • Defense & Dual Use Goods
    • Major Industry Sectors
    • Investments
    • Investment Services & Products
    • State-Owned Enterprises
    • Public Investments
    • Nord Stream 2
  • Brokering, Financing or Guaranteeing Restrictions

Exercise: Sanctions Product Evaluation

Session 4: UK Sanctions on Russia

Pre Ukraine Invasion

  • The Russia (Sanctions) (EU Exit) Regulations 2019
  • This sanctions course highlights the difference with the EU Regime
  • Asset Freezes & Travel Banks on Individuals
  • Restrictions on Crimea
  • Prohibitions & Restrictions
    • Banking & Financial Markets
    • Major Russian Banks
    • Major Russian Companies
    • Public Investments
    • State-Owned Enterprises
    • Dual-Use Goods & technology
    • Exports & Import Bans
  • Other Country Sanctions on Russia

Session 5: Sanctions on Belarus

  • Sanctions risk training explores travel Bans and asset freezes on individuals
  • Prohibitions & Restrictions
    • Imports & Exports
    • Defence
    • Major Sectors of the Economy
    • Investments
    • State-Owned Entities
    • SWIFT
    • Banking & Financial Markets

Session 6: Sanctions on Iran, North Korea, Syria & Myanmar

  • Iran
    • Non-Proliferation
    • Defence
    • Travel Bans & Asset Freezes
    • Energy & Energy Investments
    • Collapse of the JCPOA
    • Major Sectors of the Economy
    • Iranian Security Services
  • North Korea
    • CAATSA North Korea
    • UNSC Sanctions
    • Non-Proliferation
    • Defense & Military
  • Syria
    • Energy & Energy Investments
    • Travel Bans & Asset Freezes
  • Myanmar Restrictions & Prohibitions
    • Regime Focus
    • Implications for Business

Sanctions Training - Part Two

Session 7: Sanctions on China, Venezuela & Cuba

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

Session 8: Beyond Sanctions – Trade & Human Rights

  • This sanctions course covers Trade Finance and sanctions risks
  • US Export Administration Regulations (EAR)
  • Magnitsky Act & Global Magnitsky Acts
  • EU & UK Human Rights Regulations

 Session 9: Assessing Sanctions Risk Exposures

  • The Risk-Based Approach
  • Who is Subject to US Sanctions?
  • Direct & Indirect Sanctions Exposures
  • Assessing Sanctions Risk Exposures
  • Affiliate Risk Management

Case Study: Singapore Telecom
Case Study: The UNDP in North Korea
Case Study: Standard Chartered
Exercise: US Nexus
Exercise: Direct & Indirect Exposure

Session 10: Key Topics in Sanctions Evasion

  • Huawei & ZTE
  • Siemens in Russia
  • Russian Sanctions Evasion
  • Iran & Turkey
  • Gold & Cryptocurrencies
  • Non-Bank Financial Institutions (NBFIs)
  • Integration of Money Laundering & Sanctions Evasion Techniques
  • North Korea

Case Study: Turkey and Iran’s Gold Trades
Case Study: Russian / Gazprom Offshore Financing
Case Study: Cryptocurrency Expert in North Korea

Session 11: Sanctions CDD

  • The Sanctions CDD Framework
  • Is there a difference vis-a-vis regular CDD?
    • ID & V
    • KYC
    • ODD
    • EDD
  • Beneficial Ownership
  • Trigger Events

Case Study: 650 Fifth Avenue, New York
Case Study: Ongoing Due Diligence
Exercise: Hidden Ownership

Session 12: Sanctions Screening

  • Who Do We Screen?
  • When Do We Screen?
  • Payment & Transaction Screening
  • Sanctions Data Framework
  • Patriot Act
  • Payment Transparency
  • Fines & Penalties
  • Sanctions Narrative, Customer Ecosystem
  • Importance of Frontline Staff

Case Study: BNP Paribas
Case Study: Putin & The Proxies

Session 13: Sanctions Risk Management

  • OFAC Management Framework
  • Sanctions Compliance Programme – Key Points
  • Root Causes of OFAC SCP Breakdowns 

Sanctions risk training concludes with a case study: Westpac’s Epic Fail

This sanctions course trainer (MBA FCCA) is an investment banking governance, audit, risk and compliance specialist. He has extensive international experience, holds an MBA from CASS Business School in London and is a Chartered Certified Accountant.

He worked for Price Waterhouse in Kingston, Jamaica before arriving in London just after the Big Bang in 1986 and subsequently worked for several 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, his roles have 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 cultural change programme training in alignment with that strategy across 50 countries.

This sanctions training is delivered by the same trainer who also focuses on 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, which includes this sanctions course.

Sanctions training covers:
  • The major US, EU & UK sanctions regimes and how they impact financial institutions, especially those in respect of Russia, Iran, North Korea, Syria, Cuba, Belarus & China.
  • The nature of sanctions regimes and the nature of sanctions risk exposures.
  • How sanctions risk exposures arise and permeate business activities in financial institutions and their business relationships.
  • Level up your knowledge and awareness of some of the key sanctions risk management topics and issues that must be addressed within financial institutions.
  • The major challenges presented by sanction evasion techniques.
  • Best practices in deterring and detecting sanctions risk violations.
  • The roles and responsibilities of sanctions risk management.

This sanctions risk training is designed to provide you with:
  • A very good overview and analysis of major Western sanctions regimes.
  • An examination of sanctions risk exposures and how they might be properly assessed.
  • Effective insights and approaches to best practices in the management and mitigation of sanctions risks exposures.
  • Highly interactive case studies and exercises are used throughout this sanctions risk training. They are drawn directly from specific events and institutional failures.

Sanctions training is developed and delivered by a professional trainer with extensive experience in banking and the financial markets. They are proficient at training financial crime in both wholesale and retail markets.

This sanctions course is suitable for staff in entities with sanctions risk exposures including:
  • Banks, assets managers, hedge funds, brokers and other financial institutions with sanctions:
    • Compliance, Audit, Legal and other Risk Professionals
    • Frontline Relationship Managers, Advisors, Salespersons and Traders who make routine decisions on financing and investment on behalf of their customers and their firms
    • Customer Due Diligence, Transaction Processing, Operations and Administrators
  • International Law Firms, Accountants, Real Estate Agents, Trust & Corporate Services
  • Commodity Trading Firms
  • Oil companies and Multinationals

Our sanctions course is designed to improve your awareness and knowledge of sanctions risks in financial and non-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.

Sanctions training 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
  • The course has provided me a deeper knowledge about sanctions and specific behaviors to be aware of when onboarding new customers.
  • The course was more then what I had expected. Despite that the course was held for several hours it was presented in a very good and interesting way which kept me focused throughout the presentation.
  • I think highlight of the course was when the different types of risky behaviors presented throughout the course was related to real-life scenarios.
  • It will be useful in my daily work when we support the business in relation to sanction topics, primarily related to payments, KYC, and trade finance transactions.
  • Although I could not contribute much in the exercises, it was useful to listen to those who work daily with Sanctions. Hear their reasoning and then when we all gathered for a briefing, more fell into place and you get a better picture. Even if it is within a large area.
  • Everything was perfect. The content of the training is broad and covers several topics related to sanctions risk assessment.
  • Good trainer that asked questions and gave relevant examples.
Number of places:
Part 1

£ 695.00

07 October 2024 Virtual class 09:30-13:00 UK Time
Number of places:
Part 2

£ 695.00

08 October 2024 Virtual class 09:30-13:00 UK Time

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