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Embargoes & Sanctions Compliance Training

Embargoes and sanctions prohibit all transactions with an entity, trading of certain commodities or the supply of critical goods.

They may also require positive actions like freezing assets or enforcing travel bans. Violating embargoes and sanctions can result in fines as well as criminal charges.

Our Embargoes and Sanctions Course will help your employees to understand what sanctions are, how they impact on business operations and how to comply with them.

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Embargoes & Sanctions Compliance Training

About this Course

Available as part of our Compliance Essentials Course Library. 

Learning Objectives

This course will prepare your employees to:

  • Understand the purpose of embargoes and sanctions
  • Explain the steps needed takes to comply with embargoes and sanctions
  • Comply with company sanctions policies and procedures
  • Know how to seek advice or report suspected sanctions breaches

Course outline

Introduction

What are embargoes & sanctions?

- Types of embargoes and sanctions
- You make the call: Is it restricted or not?
- Who imposes embargoes and sanctions?
- Sanctions terminology
- Consequences: In the news…
- You make the call: Is there a risk of sanction violations?

Sanctions controls

- Company sanctions
- What embargoes and sanctions mean for us
- Your obligations
- You make the call: Is it correct or not?

The impact of sanctions across your operations

- Customer on-boarding
- Payments
- Payment stripping
- Third parties
- You make the call: Is it True or False?
- Importing and exporting
- You make the call: Identifying red flags
- What do you think: Do the rules apply?
- Best practice for importing and exporting

Screening & matching

- The screening and matching process
- You make the call: What type of match is it?
- Best practice: Screening and matching

Entities: Ownership & control

- Scenario: Sanctions and ownership
- Scenario: Insuring entities
- Scenario: The exporter

Scenario: Sapphire

- Sanctions checks
- The workaround

Reporting & record-keeping obligations

- You make the call: Louis' customer
- Record keeping

Summary

Affirmation

Assessment

Compliance Essentials

Our comprehensive off-the-shelf compliance solution of 30+ in-depth courses and dozens of microlearning modules helps companies from SMEs to global corporates to achieve compliance success.

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Compliance Essentials

Course Specifications

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Duration

Approximately 45 minutes.

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Audience

Suitable for all staff - examples and interactivities designed for staff at all levels.

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Prerequisites

No previous knowledge or experience required.

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Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

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Assessment

10-question assessment.

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Test-out

Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment simply by passing the assessment Deployment AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

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Deployment

AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

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Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility).

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Tailoring

Fully customisable on Skillcast Portal CMS.

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Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

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Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.