Background:

Since the dynamics of AML/CFT & sanctions landscape are becoming more complex and multi-layered, financial institutions need to beef up their compliance frameworks in order to absorb this unprecedented regulatory pressure and scrutiny. In an interconnected globalized economy surrounded by uncertainty and geopolitical risks, managing money laundering, proliferation, terrorism financing, and sanctions threats is a top priority for financial institutions in order to avoid monetary penalties and reputational harm. Besides, given the overarching impact of sanctions on international trade operations and supply chains, it has become inevitable for  financial institutions to asses counter party risks or the other
side of the transaction, identify dual-use goods, seek trade licenses, adopt technology-driven screening tools, scrutinize sources of funds & wealth, and establish enterprise-wide financial crime risk management framework.

Having said that, this international sanctions certification is expected to provide attendees with the necessary tools and insights on how to comply with global sanctions regime and heed extra-territorial regulatory risks. Attendees will grasp the intricacies of sanctions as a strict liability, and navigate sectoral sanctions, UN, OFAC, EU, & UKHMT sanctions programs. Throughout the course, there is ample opportunity for participants to walk through modern KYC-KYE processes, screening technologies, trade restrictions, sanctions evasion techniques, due diligence measures, prohibited and dual-use goods, UBO identification, wire-stripping schemes, control versus ownership prong & thresholds, exposure to PEPs, and a myriad of other financial crime and sanctions risks.

This training is conducted by experts in the field of compliance in general and AML/CFT and sanctions in specific. This training will raise the chances of attendees in passing the CGSS exam and enjoying a world recognized certificate from ACAMS.