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Compliance Essentials Library

Embargoes & Sanctions Course

Trade embargoes and sanctions are important foreign policy tools. They are used to stop financial crime and terrorism, apply pressure on targeted regimes to respect human rights and comply with international law
or to enforce international peace and security when diplomatic efforts have failed.

Embargoes and sanctions may prohibit all transactions with an entity,  trade in 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 they are, how they impact on business operations and how to comply with them. 

Audience: All staff  |  Duration: 45 minutes  |  Format: E-learning module

Learning Objectives

This course will prepare your employees to:

  • Define embargoes and sanctions, and the purpose that they are designed to achieve
  • Explain the steps that your Company takes to comply with embargoes and sanctions
  • Comply with their own obligations under the Company's policy and procedures in relation to sanctions
  • Recognise how to seek advice and report transactions that might breach sanctions

Course Contents

  • Welcome
  • What are embargoes and 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 sanctions violations?
  • Sanctions controls
    - Company sanctions
    - What embargoes and sanctions mean for us
    - Your obligations
    - You make the call: Is it correct or not?
  • Sanctions impact across our 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 and matching
    - The screening and matching process
    - You make the call: What type of match is it?
    - Best practice: Screening and matching
  • Entities: Ownership and control
    - Scenario: Sanctions and ownership
    - Scenario: Insuring entities
    - Scenario: The exporter
  • Scenario: Sapphire
    - Sanctions checks
    - The workaround
  • Our reporting and record-keeping obligations
    - You make the call: Louis' customer
    - Record keeping
  • Summary
  • Affirmation
  • Assessment
Tick

Free Trial: Compliance Essentials

This course is part of our Compliance Essentials Course Library.

Compliance Essentials is our best-selling library and there's a reason for that.

Essentials contains 30 in-depth courses and dozens of express micro-learning modules from AML, Bribery, GDPR and Equality to Health and Safety. It provides a complete and comprehensive off-the-shelf compliance solution for UK businesses that can be customised completely to fit your organisation.

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Specifications

Duration Approximately 45 minutes
Audience Suitable for all staff - examples and interactivities designed for staff at all levels
Prerequisites No previous knowledge or experience required
Design SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via client style sheet
Assessment Ten-question assessment
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
Deployment AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC
Compatibility All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility)
Tailoring Fully customisable on Skillcast Portal CMS
Translation Pre-translated versions not available, but all text content can be exported for translation into all languages
Localisation Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary

Off-the-shelf Courses

Our off-the-shelf subscription options allow you to train your staff using this course and other essential compliance courses cost-effectively.

We can also customise courses to your business needs or create fully bespoke courses to your specification.

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