Course description
Gain the latest practical knowledge of Global Sanctions Compliance and enhance the level of protection provided by your name-screening systems.
Our study guide for this sanctions training defines the compliance controls of three distinct pillars: Processes, Systems, and Reports. It also discusses the most important sanctions regulations issued by the UN, EU, and OFAC.
Additionally, our program teaches you how to deal with sanctioned or high-risk countries, providing you with advice on sanctions systems, understanding violation reports, interpreting the results, and much more.
Upcoming start dates
Suitability - Who should attend?
Targeted Candidates
Sanctions Compliance officers and managers, in addition to transfers and trade finance staff in the following industries:
- Banking Industry
- Insurance and reinsurance Companies
- Brokerage agencies
- Leasing and Microfinance Companies
- Lending Firms
- Exchange Houses and Money Service Business
Workers in the supervisory authorities e.g:
- Central Banks
- Financial Sector Regulatory Authorities
- Financial Intelligence Units FIUs
- Related Ministries and government bodies
- More
Workers at the (IT solution firms) who provide sanctions and name screening systems.
Training Course Content
What's included in this Sanctions course?
Understanding sanctions
- What are Sanctions, and why it’s important to comply?
- Know how to protect your institution from dealing with embargoed individuals or entities
- Understand the best practices for sanctions compliance controls
Processes
- Determine how much your institution is vulnerable to sanctions risks
- Learn the modern methodologies that increase the efficiency and effectiveness of your program
- Account Opening
- Banking Authenticated Messages
- Other Products and Services
- Dealing with High-Risk Countries
Systems
- Computer Assisted Audit Techniques (CAATs)
- System Internal Lists
- General Sanctions Software Highlights
- Name Screening Algorithms and Reducing The Number of False Hits
Reporting
- Violation Report - Structure
- Violation Report - Interpreting the Results
- Interpreting Bank Authenticated Messages Report
- Helping you to make the right decision regarding accepting or rejecting a transaction
The International Context
- United Nations Sanctions
- EU Sanctions
- United States Initiatives
- Have a solid understanding of the most important country sanctions
And Much More
Course delivery details
Candidates have two options to register in any of the GCI programs:
Option 1: Self-Study. Take the online proctored exams at home
GCI’s examination process is set to the highest standards. Our students gain access to our easy-to-navigate online portal, where they can download their certificate study guide (e-book) in their selected language. undertake the practice questions as much as needed.
Once the candidate is ready to sit the assessment, they can schedule their online proctored exam with a click of a button through their membership area and undertake the exam any time and anywhere. Our assessment platform is usually available 24/7.
Option 2: Instructor-led program by a GCI-accredited trainer or training centre.
GCI arrange a instructor-led programs for groups (5+ participants), whether virtually or in person (as available), by our authorised trainers and our accredited training centres around the globe.
Reach out to us today to see how we can advance your career / get your staff the practical training experience they are looking for.
This course is offered in the following languages:
- English
- Arabic
- Turkish
- French
Expenses
The course fee is $499 USD and includes one-year membership.
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Global Compliance Institute
Global Compliance Institute (GCI) is an International Financial Crime Prevention and Compliance Training Institute. We help you build the practical skills you need to keep up with all the latest industry and technological developments in the ever-evolving compliance arena. We...