Sanctions Compliance: Onboarding and Managing Risks Related to Sanctioned Individuals and Entities (H1024)
The Sanctions Compliance course is designed for compliance officers and AML professionals. This hands-on course empowers compliance professionals with essential tools to screen, manage, and mitigate sanctions risks during onboarding and beyond, from sanctioned entities, protecting your institution from financial crime and reputational damage.
Table of Contents
- About the Course
- Who Should Attend
- Key Learning Objectives
- Course Curriculum
- Meet the Trainer
- FAQs – Frequently Asked Questions
- Other Upcoming Courses
- Sanction Compliance Course Fees & Registration Details
- Registration Form
About the Course
This focused training program equips compliance officers, AML/CFT professionals, and onboarding staff with the tools and knowledge to identify, manage, and mitigate risks associated with sanctioned individuals and entities. Participants will explore international sanctions frameworks, including OFAC, UN, EU, and UK regimes, and apply a risk-based approach as per FATF Recommendation 1.
Through real-life case studies, group exercises, and practical demonstrations, the course provides actionable guidance on screening techniques, enhanced due diligence, and detecting sanctions evasion. It’s designed to strengthen institutional resilience against financial crime, reputational damage, and regulatory penalties, making it essential for teams responsible for client onboarding, transaction monitoring, and compliance strategy.
Who Should Attend
This live online course on sanctions compliance, is ideal for:
- Compliance officers
- AML/CFT professionals
- Employees in financial institutions involved in onboarding and transaction monitoring
Key Learning Objectives
By the end of the course on sanction compliance, participants will be able to:
- Understand global sanctions regimes and their implications on financial institutions.
- Recognize the importance of following updates on major global sanctions lists, including OFAC, EU Sanctions, UN Security Council sanctions, andthe UK’s HM Treasury sanctions.
- Apply a risk-based approach to identify high-risk individuals, entities, and jurisdictions.
- Implement screening tools and automated solutions to detect sanctioned clients and suspicious transactions.
- Conduct enhanced due diligence (EDD) on high-risk customers as per FATF guidelines.
- Develop a proactive compliance mindset, considering sanctions evasion risks and the penalties for non-compliance.
- Cultivate an ethical approach to identifying and managing sanctioned clients
Course Curriculum
This live online CPD course on Sanctions compliance is divided into 4 modules:
Module 1 | Overview of Sanctions Regimes
- Overview of major global sanctions lists: OFAC, EU, UN, UK.
- Discussing the impact of updates in sanctions lists on businesses and financial institutions.
- Consequences of non-compliance with sanctions
Module 2 | Risk-Based Approach (RBA) in Sanctions Compliance
- Introduction to the risk-based approach as outlined in FATF Recommendation 1.
- Identifying high-risk customers: PEPs, jurisdictions, and entities.
- Conducting firm-wide and client-specific risk assessments.
- Identify sanctioned individuals.
Module 3 | Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD)
- Timing and types of due diligence: Simplified, Normal, and Enhanced.
- Implementing EDD for high-risk customers as per FATF guidelines.
- Screening tools and the importance of ongoing control.
Module 4 | Sanctions Evasion and Violation
- Methods of sanctions evasion (e.g., use of shell companies, wire transfers).
- Legal and compliance requirements: comprehensive sanctions and sectoral sanctions.
- Penalties and enforcement measures for sanctions violations.
- Examples of recent violations and response strategies.
*This training program is designed to support continuing professional development (CPD). Participants are encouraged to verify with their professional body or regulatory authority whether the training meets their individual or institutional CPD requirements.
Meet the Trainer
Sanction Compliance Course Fees & Registration Details
FAQs – Frequently Asked Questions
Sanctions compliance ensures financial institutions do not engage with sanctioned individuals or entities. During onboarding, this prevents regulatory breaches, financial penalties, and reputational damage.
The course is ideal for compliance officers, AML/CFT professionals, and staff involved in onboarding or monitoring clients within financial institutions and regulated entities.
It aligns with FATF Recommendation 1 by teaching participants to apply a risk-based approach, conduct EDD, and implement firm-wide risk assessments targeting high-risk entities and jurisdictions.
Participants gain hands-on experience with sanctions screening tools, scenario analysis, EDD procedures, and control frameworks to detect and respond to compliance risks in real time.
