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Advanced Sanctions - Securities & Investments

By the end of this course, you will develop a critical understanding of the risks and impact of sanctions in issuing, trading, selling or facilitating securities

A bridge with intricate architecture and the clear sky

A half-day course presented in a virtual class

In-house pricing available – often more cost-effective for teams of 10+
pdf Download:   Course Outline

Session 1: Ownership & Customer Due Diligence

  • The challenge of determining ownership structures given the propensity for sanctioned individuals and entities to use family members and other proxies.
  • The Ownership Challenge
  • OFAC 50% Rule
  • OFAC 33% Rule
  • Enhanced Due Diligence on Beneficial Ownership
  • Strategic Dilemma: Risk Appetite
  • Exercise: Hidden Ownership

Session 2: US Sanctions on Russia I

  • Countering American Adversaries Through Sanctions Act (CAATSA)
  • Russian Sectoral Sanctions Identifications (SSIs)
    • Directives 1, 2, 3 & 4
    • CAATSA Definitions of Debt & Equity
    • Application of Secondary Sanctions
    • Facilitation & State Entities
    • CAATSA Definition of Investment
    • General Licence 1B: Derivatives
    • CAATSA Anti-Avoidance & Facilitation Provisions
  •  Case Study: Company A
  • Case Study: The Russian Laundromat
  • Case Study: Russian Offshore Financing
  • Case Study: Sibneft Privatisation
  • Exercise: Product Evaluation

Session 3: US Sanctions on Russia II

  • Executive Order 14024
  • Russian Harmful Foreign Activities Directive 1
    • Government & Major Sectors of the Russian Economy
    • Financing, Facilitating or Supporting
    • Deceptive & Structured Transactions: Digital & Physical Assets
    • Secondary Sanctions: Foreign Financial Institutions
    • Russian Bank Units and Subs Overseas
  • Russian Harmful Foreign Activities Directive 2
    • Prohibitions on Correspondent & Payable Through Accounts
  • Russian Harmful Foreign Activities Directive 3
    • New Debt & Equity Restrictions Major Russian Entities
  • Russian Harmful Foreign Activities Directive 4
    • Restrictions on Russian Sovereign Debt
  • Prohibitions on Occupied Ukraine
  • Prohibitions of Executive Orders 14066, 14068, 14071
    • Energy, Investments, Luxury Goods and Services
  • Facilitation, Oligarchs & Proxies
  • Other Major Sanctions
  • Case Study: Putin & the Proxies
  • Exercise: GVA Capital

Session 4: EU Sanctions on Russia

  • Russia Sanctions Overview
  • EU Sectoral Sanctions
    • Major Industry
    • Financial Sector
    • Capital Markets & Financing
    • Investment Services
  • EU Definitions
    • Financing
    • Investment Services
    • Transferable Securities
    • Derivatives
  • EU Treatment of Derivatives
  • Prohibitions
    • Trust & Corporate Services
    • Brokering & Financing
    • Circumvention
    • Annexed Territories
    • Professional Services
  • Case Study: OFAC Settlement Wells Fargo
  • Case Study: Mirror Trades

Session 5: UK Sanctions on Russia

  • The Russia (Sanctions) (EU Exit) Regulations 2019
    • Transferable Securities
    • Derivatives
    • Loans & Credit
    • Occupied Territories
  • EU Exit Amendments
    • Major Industries
    • Payment Processing
    • Correspondent Banking
    • Financial Services, Funds, Brokering
    • Trust & Corporate Services
    • Professional Services
  • General UK Sanctions Measures
    • Derivatives
  • Prohibitions on Central Bank, Wealth Fund, Ministry of Finance
    • Financial Services
    • Exchange, Reserve & Asset Management
  • Exercise: Market & Currency Flows

Session 6: China & Venezuela

  • US Sanctions On China: Executive Order 14032
    • Non SDN
    • Chinese Military Industrial Companies (CMICs)
    • Prohibition on Securities
    • Definitions & Treatment of Derivatives
    • Specific Names
    • Application of 50% Rule to Subsidiaries
    • Investment Advisory Services
  • Venezuela Sanctions & Prohibitions
    • Government
    • PdVSA
    • Central Bank
    • Access to US Financial Markets
    • Other Financial Sanctions
  • Case Study: Hunger Bonds
  • Case Study: Interactive Brokers

Our securities compliance course instructor is a specialist in investment banking governance, audit, risk, and compliance, bringing extensive international experience to his work. He holds an MBA from Bayes Business School in London and is a Chartered Certified Accountant. He began his career with Price Waterhouse in Kingston, Jamaica, before relocating to London in the wake of the 1986 financial “Big Bang.” Over the years, he has worked with several major financial institutions, including Manufacturers Hanover Trust, Continental Bank, CIBC, and ABN AMRO.

Throughout his career, he has held roles spanning internal audit, product control, risk management, and SOX compliance. His work across major global financial centres has given him deep expertise in regulation, governance, and internal controls across the full lifecycle of investment banking and capital markets products. His experience covers areas such as credit trading and derivatives, asset securitisation and structured finance, foreign exchange and FX options, interest rate derivatives, as well as commodities and treasury operations. In addition, he has taken on leadership responsibilities, playing a key role in developing and implementing strategic initiatives within global banking and markets, alongside delivering large-scale training and cultural change programmes across more than 50 countries.

In his current capacity, he delivers financial crime compliance programmes for leading global banks, including HSBC, Société Générale, SMBC, RBS, Lloyds, Nordea, and Handelsbanken. His training focuses on key areas such as anti-money laundering, sanctions compliance, tax evasion prevention, terrorist financing prevention, and anti-bribery and corruption measures, along with their associated governance frameworks. His programmes are designed for both frontline staff and senior management, reaching audiences across private, corporate, and retail banking sectors in the UK, Europe, Asia, the Middle East, Africa, and the Americas.

He has also served as a Master Trainer on HSBC’s global financial crime training programme and has developed specialised workshops on AML and sanctions with a focus on financial markets, securities, and investment products. His broader experience includes delivering train-the-trainer courses, presenting to US regulators, and providing instruction on audit, conduct risk, operational risk, treasury, Basel III, liquidity and capital management, and ICAAP. Additionally, as an Associate of RSM, he has conducted financial crime and regulatory compliance reviews for institutional clients and is the author of three books, including Clearing The Bull: The Financial Crisis And Why Banks Need A Human Transformation (2012).

  • The course objectives are to analyse and develop a critical understanding of the impact of sanctions on securities, financing and investments within the context of capital markets and wholesale banking products and services.
  • The course will focus on major sanctions regimes, where there are specific securities, finance and investment sanctions risks, including:
    • EU, US & UK Sanctions on Russia
    • China & Venezuela

The course is suitable for staff in:

  • Banks, asset managers, hedge funds, brokers and other financial institutions, including:
    • Compliance, Audit, Legal and other Risk Professionals
    • Frontline Relationship Managers, Advisers, Salespersons and Traders who make routine decisions on financing and investments on behalf of their customers and firms
    • Customer Due Diligence, Transaction Processing, Operations and Administrators
  • International Law Firms, Accountants, Real Estate Agents, Trust & Corporate Services
  • Commodity Trading Firms
  • Exchanges, Multilateral Trading Facilities and Depositories
  • Oil companies and multinationals

The course is designed to improve participants’ awareness and knowledge of sanctions risks in issuing, trading, selling or facilitating securities transactions. It focuses on the specific US & EU sanctions regimes and the practical differences and difficulties in their implementation.

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 securities and investments in a range of financial institutions.

  • The 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.
  • Really comprehensive course which provided me with a good understanding of the different sanctions across the US, the UK and the EU and how they differ.
  • [I have] better understanding of the background of the sanctions regimes. A lot of useful information on the application of EU and US sanctions. 
Number of places:

£ 595.00

Discounts available:

  • 2 places at 20% less
  • 3 places at 30% less
  • 4+ places at 40% less
  • Select the number of course places and dates to automatically calculate the discount
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