AGRC Certificate in Sanctions Compliance

On this accelerated AGRC Certificate in Sanctions Compliance course, you'll gain an understanding of the tools, information, and skills needed to hone your skills as an AML or compliance professional working for a bank, investment company, financial services provider, or law firm.

This certificate will provide participants with a solid and practical understanding of the motives and rationale behind sanctions decisions, the resulting effects, and the consequences experienced by targeted and those doing business with them, either directly or indirectly.

In just 2 days, you'll also be able to:

• Understand sanctions and the importance of compliance
• Understand why it's important to comply
• Define a sanctions compliance programme and governance framework
• Define sanctions lists and screening
• Manage alert investigations
• Understand the risk and cost of getting it wrong
• Determine how much your institution is vulnerable to sanctions risks
• Apply modern methodologies that will increase the efficiency and effectiveness of your programme
• Protect your institution from dealing with embargoed individuals or entities
• Understand the best practices for sanctions compliance controls

At the end of this course, you'll achieve your AGRC Certificate in Sanctions Compliance certification. Through Firebrand's Lecture | Lab | Review methodology, you'll get certified at twice the speed of the traditional training and get access to courseware, learn from certified instructors, and train in a distraction-free environment.

Audience

This course is ideal for professionals looking to build a career in governance, risk and compliance, including working in functions that focus on AML, financial crime prevention, risk management, customer onboarding and more.

Module 1: International Economic Sanctions

• Define international economic sanctions.
• Identify and describe the different key sanctions categories, terms, and concepts.
• Understand when, how and if sanctions can be successful.

Module 2: The International Framework: Multilateral Sanctions

• List and identify the most relevant international organisations.
• Discuss the UN's decision-making framework in deciding on sanctions and how effective it is.
• Assess the EU framework for sanctions and how the new EU sanctions strategy addresses any limitations.
• Discuss the EU sanctions regime against Russia with reference to practical cases.
• Explain the relevance of the Financial Action Task Force (FATF).

Module 3: Unilateral Sanctions: Key Sovereign States

• Explain the importance and relevance of the unilateral imposition of sanctions by sovereign states.
• Discuss the US institutional framework and decision-making processes in relation to sanctions.
• Describe the role of OFAC in the implementation of US sanctions.
• Understand key relevant legal developments in the US, including CAATSA.
• Recognise relevant institutional settings in other jurisdictions such as the UK, Canada, and Australia.

Module 4: Managing Sanctions Risk

• Explain how sanctions risk assessments should be carried out.
• Understand and execute the key components of a sanction's compliance programme.
• Recognise and implement ways to mitigate sanctions risk.

Module 5: Processes and Systems to Handle Sanctions

• Explain how sanctions screening is conducted.
• Use automated screening tools and fuzzy logic techniques as tools for sanctions monitoring.
• Understand name screening and payment screening in a comparative manner.
• Explain the use of SWIFT in sanctions screening.
• Recognise how sanctions evasion can take place.

There are no prerequisites for this accelerated course.

At the end of this accelerated course, you'll sit the following exam at the Firebrand Training Centre, covered by your Certification Guarantee:

AGRC Certificate in Sanctions Compliance exam

• Duration: 60 Minutes
• Format: Multiple-Choice Questions, Closed-Book
• Number of questions: 40
• Passing score: 70% (70/100)