The “Certificate in Internal Sanctions & Trade Compliance Program Foundations” is a comprehensive course designed to provide participants with an in-depth understanding of the foundations and principles of sanctions compliance. This program is tailored to meet the needs of professionals who are engaged in or aspire to be in roles related to compliance, risk assessment, and international trade.
Module 1: Sanctions Compliance Framework Foundations delves into the core concepts of a Sanctions Compliance Framework. Participants will learn the significance of such a framework and its legal necessity. The module explores the common reasons for failures within internal compliance programs, followed by an examination of the five essential elements of a sanctions compliance framework. Real-world applications will be underscored through a case study on the implementation of the OFAC Sanction Compliance Program, culminating in a multiple-choice quiz to reinforce key concepts.
Module 2: Overview of Official Guidance on an Effective Sanctions Compliance Framework offers a comprehensive overview of official guidelines from major global entities. Participants will gain insights into guidance from the DOJ, OFAC, EU, UK, and China. Understanding these guidelines will equip participants with the knowledge to design, enhance, and assess their sanctions compliance programs against international standards. The module wraps up with a multiple-choice quiz, testing the participants on the official guidance details.
Module 3: Violations: Corrective Actions, Reportings, and Liability shifts the focus to the repercussions of non-compliance. This module elaborates on the corrective actions necessary for non-adherence, the liabilities involved, and the nuances of sanctions whistleblowing. With an emphasis on real-world implications and practical applications, the module culminates in a multiple-choice quiz to assess participants’ understanding.
Upon the successful completion of all modules, participants will undergo a final assessment, testing their comprehensive knowledge of the course material. Graduates of this program will be well-equipped with a foundational understanding of internal sanctions and trade compliance, empowering them to navigate the complex world of international trade and compliance with confidence.