Embargoes & Sanctions Compliance Training Course

Embargoes and sanctions prohibit all transactions with an entity, trading of certain commodities, or supplying critical goods. They may also require positive actions like freezing assets or enforcing travel bans.

Embargoes refer to a complete ban on all activity whereas sanctions are usually limited in scope. Violating embargoes and sanctions can result in fines as well as criminal charges.

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

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Embargoes & Sanctions Compliance Training Course

About this Course

Available as part of our Compliance Essentials Library.

Learning Objectives

This course will prepare your employees to:

  • Recognise what embargoes and sanctions are and the purpose that they are designed to achieve
  • Identify the steps our Company takes to comply with embargoes and sanctions
  • Take appropriate action to comply with embargoes and sanctions
  • Seek advice and report matches and transactions that might breach sanctions

Latest Course Updates

  • A full review conducted by an expert
  • Course updated to include latest sanctions against Russia
  • Text & image updates throughout the course
  • Updated activities & scenarios
  • Updated post-course assessment with 5 new questions

Course outline

Introduction

What are embargoes & sanctions?

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

Sanctions controls

- Company sanctions
- What embargoes and sanctions mean for us
- Your obligations
- You decide: Is it correct or not?
- Customer on-boarding
- Payments
- Payment stripping
- Third parties
- You decide: Sanctions compliant?
- Importing and exporting
- You decide: Identifying red flags
- You decide: Do the rules apply?
- Best practice for importing and exporting

Screening & matching

- The screening and matching process
- You decide: 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

- Scenario: Sanctions checks
- Scenario: The workaround

Our reporting obligations

- Scenario: Louis' customer
- Record keeping

Summary

Affirmation

Assessment

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Compliance Essentials

Course Specifications

Structure

Structure

Approximately 45-minute long e-learning course followed by a 10-question assessment.

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Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is 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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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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Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

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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.