Certificate in Sanctions Compliance

Enroll in the Certificate in Sanctions Compliance and take your Compliance Career to the next level!

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Course Description

Most organizations have the legal obligation to comply with the sanctions imposed by their jurisdiction on other countries and must monitor, report, freeze assets and prevent transfers accordingly. Organizations are not allowed to do business with certain sanctiond countries or individuals. Therefore, organizations must know which individuals, entities and countries are subject to sanctions and must not conduct any transactions involving sanctioned parties.

Sanctions, while not directly part of anti-money laundering, are handled very similarly and are therefore usually a part of the AML process. Many process steps, especially screening is very similar to PEP and negative news screening during customer due diligence and know-your-customer (KYC) checks

The staggering total of 8.9 billion US dollars is the biggest penalty ever imposed for sanctions violations. Given this, it makes sense that many businesses and people are becoming increasingly cautious about breaking sanctions laws. This online training is excellent and highly recommended for those who wish to gain and display specialist expertise in sanctions compliance and anti-financial crime because it is fairly comprehensive. This online program is a terrific opportunity for professionals to improve their value through a better grasp of financial crime and sanctions compliance because this topic is so crucial.

This certificate program is a middle-level training that consists of five modules on corporate risk management, compliance, and anti-financial crime duties, as well as in a setting where sanctions compliance is required.

What You Will Get From This Course

In-demand Skills

Gain the relevant knowledge to ensure that you are supporting your firm and progressing your career.

Career Credential

Get a certificate from the FCA Financial Crime Academy.

Flexibility

Study on-demand and at your own time and pace, regardless of where you are in the world with this flexible online course.

Global Community

Get access to our exclusive LinkedIn group with 1,500+ like-minded professionals and experts.

Course Material

Download supplementary course material such as the comprehensive course study guide.

Quiz Questions

Test your knowledge with multiple-choice questions and determine which skills you have mastered!

Course Overview

Learning Objectives

Explain sanctions in the context of economic and financial sanctions
Exemplify various relevant types of economic sanctions in a globalized world
Understand how international sanctions work including extraterritoriality and blocking statutes
Get to know selected international sanctions regulations including United Nations, United States/OFAC, and European Union
Learn about the severe consequences of sanctions violations for organizations and individuals including case studies and examples
Understand how to manage sanctions risks by implementing an effective sanctions compliance program
Explain Know Your Customer (KYC) in the context of sanctions compliance
Learn about sanctions screening, name screening, and payment screening

Target Audience

Professionals wanting to acquire and demonstrate specialized knowledge in sanctions compliance and managing sanctions risks
Professionals wanting to increase their value through better understanding of sanctions compliance and managing sanctions risks
Career starters and students wanting to build a comprehensive sanctions compliance knowledge
Anyone who is genuinely interested in sanctions compliance and managing sanctions risks

Requirements

For participating in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.). You will need no previous knowledge in compliance or anti-financial crime, although this is helpful. A background in business, legal, or finance might also be beneficial but is not required.

Learning Method

This Certification Program is presented entirely online. Modules can be completed in your own time and at your own pace. This interactive, supportive teaching model is designed for busy professionals and results in unprecedented certification rates for Certification Programs.

Course Curriculum

Introduction to the Program

Introduction to the Program

Module 1: Sanctions Foundation

Introduction to This Module
What are Sanctions
Types of Sanctions
History of Sanctions
How do Sanctions work?
Subject of Sanctions
Extraterritoriality of Sanctions
Blocking Statutes
Sanctions Impact
Section Summary
Multiple Choice Quiz

Module 2: Selected Sanctions Regulation

Introduction to This Module
Who imposes sanctions?
Financial Action Task Force
UN Sanctions
US/OFAC Sanctions
EU Sanctions
Section Summary
Multiple Choice Quiz

Module 3: Sanctions Violations

Introduction to This Module
Consequences of Non-Compliance
Selected Sanctions Fines
Consequences for Individuals
Section Summary
Multiple Choice Quiz

Module 4: Risk Mitigation: Sanctions Compliance Program

Introduction to This Module
Management Commitment
Sanctions Risk Assessment
Internal Controls
Testing and Auditing
Communication and Training
Section Summary
Multiple Choice Quiz

Module 5: KYC & Sanctions Screening

Introduction to This Module
Know Your Customer
Sanctions Screening
Name Screening vs. Payment Screening
Programmatic Sanctions Screening
List Screening
Module Summary
Multiple Choice Quiz

Final Assessment

Final Assessment

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What our students are saying

Highly recommended!

I liked it a lot. The topics were logically arranged. The presentation was straightforward. It was delivered in a manner that is easy to understand. The practical assessments every end... Read More

Great introductory course to Anti money laundering

Great introductory course to Anti money laundering. Both the course and the material are well structured and the instructor managed to share his knowledge on the subject... Read More

The conception and explanation are so clear even for the beginner level

I'm impressed! The conception and explanation are so clear even for the beginner level, thanks for extra PDF materials to each section. Glad I purchased 2 more courses at the... Read More

Ultimate Guide to Anti-Money Laundering & AML Compliance

This course was a excellent course and I learned so much and the course enlighten my understanding with Guide to Anti-Money Laundering and AML Compliance... Read More

Frequently Asked Questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, a smartphone or table, and a stable internet connection.

Can I download course files and resources for the course?

Absolutely! All the files (including study guide, audiobook, course slides, etc.) in a course are available for download. Just look for a module that shows the files within a course.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 60% passing grade.

How are the exams conducted?

Students are required to complete an online assessment (mostly multiple choice questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 60% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need.

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how the Financial Crime Academy’s courses have helped so many people advance their anti-financial crime, compliance, and risk management careers. Our courses are designed to teach in-demand skills and relevant background knowledge of subject matter expertise needed in practice.

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