Sanctions laws exist to maintain the international peace and security in the world. When a potential threat is identified, international bodies will react by establishing sanctions laws onto designated persons in order to dampen their plans.
Simply because sanctions are complex by nature, it would be wise for financial institutions to adopt a thorough screening procedure as well as a reporting process to ensure proper compliance with the different sanction programmes in place. Sanctions can impact our businesses in many areas, hence, employees must be mindful not to breach the sanctions as the penalties can be hefty.
This course will help you to:
- Know what sanctions are and why they are imposed.
- Understand the different types of sanctions and how they work.
- Understand the different reasons to why you are to adhere to sanctions laws.
- Know the impacts sanctions non-compliance has on Financial Institutions.
This course is FTS-Approved and carries Core FAA/SFA CPD of 1.5 hours.