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Advanced Sanctions - Securities & Investments

2 Part Course  |  Analyse and learn to develop a critical understanding of the impact of sanctions risks in issuing, trading, selling or facilitating securities

A bridge with intricate architecture and the clear sky

A one-day course presented over two-half days in a virtual class from 9:30am to 12:30pm UK time

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.

  • This OFAC sanctions compliance course explores the Ownership Challenge
  • OFAC 50% Rule
  • OFAC 33% Rule
  • Magnitsky Acts & Deterrence
  • Oligarchs, proxies and hidden wealth
  • Sanctions narrative and customer ecosystem
  • Enhanced due diligence on beneficial ownership
  • Sanctions Decision Framework

Case Study: US CDD Loopholes

Team 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
    • SDN and Non-SDN
    • Permissible Debt Transactions
    • Permissible Equity Transactions
    • Maturities
    • Effective dates
    • US persons
    • Secondary sanctions
    • Transactions with the Russian State Sector
    • Non-US persons
    • Facilitating transactions
  • Restrictions and definitions
    • Debt
    • Equity
    • Investments
    • Securities
    • Money Markets
    • Loans
    • Derivatives
    • Facilitating

Team Exercise: Company A

Case Study: Russian Offshore Financing

Case Study: Sibneft Privatisation

Exercise: Sanctions Product Evaluation

Case Study: The Russian Laundromat

Session 3: US Sanctions on Russia: II

  • Day II of this compliance training for securities looks at the US sanctions on Crimea
  • Russian Harmful Foreign Activities
  • Executive Order 14024:
    • Technology, defence and related sectors
    • Digital and physical assets
    • Institutions
    • Further restrictions
    • Restrictions on the Russian Sovereign Debt Market
    • Correspondent and payable-through accounts
    • Financial institutions
    • Debt and equity restrictions
  • Prohibitions on DNR & LHR:
    • Financing, investment and facilitation provisions
  • Energy Products
  • Services
  • Investments
  • General licenses
  • Permissible payments and fund transfers

Discussion: The US asking major banks to continue doing business with Russia

Session 4: EU Sanctions on Russia

  • Restrictions on investment in Crimea & Sevastopol
  • Individuals and entities
  • General restrictions:
    • Economic
    • Financing of goods and services
    • Investments
    • The financial sector
    • Capital markets
    • Central Bank and management of reserves
    • SWIFT
    • Deposits
    • Public financing
    • Trust, Investment & Associated Services
    • Industry sectors
    • Real Estate
  • Prohibitions on Russian entities, central banks and definitions
    • Investment services
    • Transferable securities
    • Money markets
    • Brokering and Financing
  • Definitions
    • Transferable securities
    • Investment Services
    • Brokering Services
    • Financing

Session 5: UK Sanctions on Russia

  • The Russia (Sanctions) (EU Exit) Regulations 2019:
    • Office of Financial Sanctions Implementation (OFSI) Guidance
    • Special Rules: Financial Services Processing of Transactions
    • Loans
    • Money markets
    • Securities
    • Derivatives
  • Crimea investment restrictions
  • General sanction measures and definitions:
    • Major Russian Banks
    • Asset freezes
    • Action on asset freezes
    • Sterling payments and clearing
    • Raising finance and borrowing in UK markets
    • Deposits
    • Russian state entities
    • Foreign Exchange Reserve and Asset Management Services
    • Insurance services
  • Trade and investment restrictions
    • Energy
    • Dual-use goods
    • Critical industries
    • Financial services
    • Funds
    • Brokering services
  • Licenses
  • Other Western Sanctions on Russia

Session 6: Sanctions on Belarus

  • Focus on Regime
  • Major sectors of the economy
  • Dual-use goods and technology
  • Military, defence and security
  • Sovereign Institutions
  • Government debt
  • Derivatives
  • Correspondent accounts
  • Financial markets
  • Transferable securities
  • Money markets
  • Insurance services

Session 7: Iran, North Korea, Syria & Cuba

  • UNSC sanctions
  • State sponsors of terrorism
  • US, EU and UK sanctions along with conflicting views
  • Targeting the Regimes
  • State Entities
  • General restrictions:
    • Goods
    • Dual-use goods
    • Gold and precious metals
    • Industries and economic sectors
    • Financing
    • Banks
    • Financial Institutions
    • Facilitation
    • Guaranteeing
    • Investments
    • Sovereign debt

Case Study: North Korean Sanctions Evasion

Session 8: China, Venezuela & Myanmar

  • Chinese Sanctions & Prohibitions
    • Chinese military-industrial companies
    • Names
    • Application of the 50% rule to Subs
    • Effective date
    • Securities
    • Derivates
    • Permissible services
    • Index Funds and ETFs (exchange-traded funds)
    • Investment Advisory Services
  • Venezuelan sanctions and prohibitions
    • Government
    • PdVSA (Petróleos de Venezuela S.A.)
    • Access to US financial markets
    • Debt
    • Equity
    • SDN designations
    • General licences
    • EU/UK sanctions
  • Myanmar
    • Regime sanctions
    • Asset freezes and prohibitions

Case Study: Hunger Bonds

Session 9: Other Relevant Programmes

  • Asset Freezes and/or prohibition of funds/financing
    • Turkey
    • Libya

This securities compliance training is delivered by an investment banking governance, audit, risk and compliance specialist who has extensive international experience. He 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 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 developing and implementing 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.

This OFAC sanctions compliance course trainer currently delivers financial crime courses for major banks (HSBC, Soc Gen, SMBC, 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 markets, private, corporate and retail banking in the UK, Europe, Asia, Middle East, Africa, US and the Americas. He was a Master Trainer on HSBC’s global financial crime training programme.

Based on his considerable experience in the financial markets, Jonathan has developed specialist AML and Sanctions courses in financial market products, securities and investments. He has also run train-the-trainer (TTT) courses and delivered presentations in front of US regulators. In addition, he has delivered training programmes in Audit, Conduct Risk, Operational Risk, Treasury, Basel III, Liquidity Management, Capital Management and the Internal Capital Adequacy Assessment Process (ICAAP). He is also an Associate of RSM where he has conducted several financial crime and regulatory compliance reviews for their institutional clients.

This sanctions compliance course trainer is the author of three books including Clearing The Bull, The Financial Crisis And Why Banks Need A Human Transformation (2012 iUniverse).

Compliance training for securities covers the following:
  • Analyse and develop a critical understanding of the impact of sanctions on securities, financing and investments, within the context of related capital market/wholesale banking products and related services.
  • Major and other relevant sanctions regimes, where there are specific securities, finance and investment sanctions risks, including:
    • EU, US & UK Sanctions on Russia
    • EU, US & UK Sanctions on Belarus
    • Iran, North Korea, Syria & Cuba
    • China, Venezuela & Myanmar
    • Other Relevant Programmes

  • This securities compliance training is designed to provide a systematic and comprehensive analysis of the impact of sanctions on securities, financing, investments and related products and services.
  • A special emphasis of this training is on Russian sanctions. This is regularly updated to reflect the most recent changes.
  • The course will be interactive and include many practical aspects of the application of sanctions to securities and investment activities.
  • This sanctions compliance course is delivered by a trainer with 8 years of experience in training financial crime for major banks across the globe. As well as extensive involvement in the capital markets, having worked as a business manager in the global financial markets divisions of ABN AMRO and CIBC.

This sanctions compliance course is suitable for the following staff:
  • Banks, assets managers, hedge funds, brokers and other financial institutions including:
    • 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
  • Exchanges, Multilateral Trading Facilities and Depositories
  • Oil companies and Multinationals

Compliance training for securities is designed to improve your awareness and knowledge of sanctions risks in issuing, trading, selling or facilitating securities transactions. It focuses on the specific US and 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 are responsible for managing securities and investments in a range of financial institutions.

  • 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

£ 695.00

Number of places:
Part 2

£ 695.00

Discounts available:
Virtual Class

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