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Financial Sanctions Training Course

Financial and economic sanctions are binding prohibitions applied by governments to prevent business transactions with certain designated persons - they may be rogue organisations, countries, regimes or specific individuals.

Violations of sanctions issued by the UN, the US and the EU placing restrictions on payments and other financial transactions can result in fines as well as criminal charges.

Our Financial Sanctions Course will help your employees to understand what financial sanctions are,  their impact on business operations and how to ensure compliance.

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Financial Sanctions Training Course

About this Course

Available as part of our Compliance Essentials Library.

Learning Objectives

This course will prepare your employees to:

  • Understand what financial sanctions are and their purpose
  • Explain the steps that each company takes to comply with sanctions
  • Comply with their obligations under their company's sanctions policies and procedures
  • Know when to seek advice and how to report transactions that might breach sanctions

New in 2020

  • ▶ 3 news stories illustrating key issues
  • ▶ Text & image updates throughout the course
  • ▶ Global Human Rights Sanctions Regulations 2020 information added
  • ▶ New pages, activities & scenarios
  • ▶ Updated scenarios & learning activities
  • ▶ New post-course assessment

Course outline


What are Financial Sanctions?

- Who imposes sanctions?
- Types of financial sanctions
- Mind the USA!
- Sanctions terminology
- Consequences: In the news…
- You make the call: What is the risk?

Sanctions Controls

- Company sanctions
- How we apply sanctions
- Your obligations
- You make the call: Is it correct or not?

Sanctions Impact Across the Customer Lifecycle

- Customer on-boarding
- Payments
- Wire stripping
- Third parties
- You make the call: Is it True or False?

Screening & Matching

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

Implementing Financial Restrictions: Asset Freezes

- What this means for you
- You make the call: Is it allowed or not?
- Scenario: Angela's client
- Scenario: Receiving payments from designated persons
- Scenario: Insurance and designated persons

Entities: Ownership & Control

- Scenario: Sanctions and ownership
- Scenario: Insuring entities
- Scenario: Sanctions and partnerships
- Scenario: Sapphire

Sanctions Checks

- The workaround
- Scenario: Roya and Kazem's story

Reporting & Record-keeping Obligations

- Record keeping




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



Approximately 30 minutes.



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



No previous knowledge or experience required.



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



10-question assessment.



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.



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



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



Fully customisable on Skillcast Portal CMS.



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



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