fbpx

Certificate in Sanctions Risk and Compliance Foundations

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

Preview this course

Course Description

Welcome to the « Certificate in Sanctions Risk and Compliance Foundations » program. This comprehensive course is designed to equip participants with foundational knowledge about international sanctions and their significant implications on global businesses and organizations. Delve deep into the world of sanctions, exploring their structures, mechanisms, and their vast range of types. By the end of the program, you will be well-equipped to navigate the intricacies of sanctions and ensure compliance within your organization.

In Module 1: Introduction to Sanctions, participants will embark on an enlightening journey to understand the very essence of sanctions. This module covers key topics like the definition, workings, and various forms of sanctions, as well as their scopes. A multiple-choice quiz at the end ensures a thorough revision and assessment of the material covered.

Module 2: Introduction to Sanctions Compliance shifts the focus from understanding sanctions to the practical implications and considerations for businesses and institutions. You will gain insights into the extraterritorial nature of sanctions, blocking statutes, and the overarching significance of sanctions for organizations. Through a compelling case study, learn about the real-world consequences faced by banks due to sanctions breaches and non-compliance. Recommendations for further readings will deepen your understanding.

Finally, in Module 3: Overview of International Sanctions Legislation, participants will take a global tour of sanctions, understanding their imposition and enforcement across key international territories like the United Nations, United States, European Union, United Kingdom, China, and through the lens of the Financial Action Task Force (FATF). Every section concludes with a summary and multiple-choice quiz, and the program culminates in a final assessment, ensuring participants have a robust understanding of sanctions and their implications. On completing the program, participants will earn a certificate showcasing their proficiency in the foundational aspects of sanctions risk and compliance.


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

  • Understand the foundational concepts and significance of sanctions compliance in preventing money laundering and terrorist financing risks.
  • Differentiate between various types of sanctions, their scope, and their impacts on both individuals and organizations.
  • Grasp the extraterritoriality of sanctions, including what it entails and its implications for international business and transactions.
  • Recognize the relevance of sanctions for different organizations and understand the consequences of non-compliance through an overview of sanctions fines.
  • Delve into the nuances of international sanctions regulations set by various regulatory bodies across different jurisdictions.
  • Apply knowledge of sanctions and compliance through practical examples, case studies, and real-world scenarios.
  • Successfully navigate through international sanctions legislation and discern its implications on global business operations.

Target Audience

  • Compliance Professionals: Those who are tasked with ensuring that businesses and other entities are in full compliance with regulations and laws. They will gain a deep understanding of sanctions compliance, which is a crucial aspect of their role.
  • Anti-Money Laundering (AML) and Anti-Financial Crime Professionals: Individuals in these roles often deal directly with issues related to sanctions compliance, and this course will provide them with the foundational knowledge needed to effectively execute their duties.
  • Risk Management, Audit, and Controls Professionals: These professionals assess and manage potential risks for organizations, and understanding sanctions compliance is crucial for risk mitigation.
  • Business Leaders: CEOs, CFOs, and other top executives need to understand the implications of sanctions on their businesses, especially if they are involved in international operations or transactions.
  • Legal Professionals: Lawyers and other legal experts dealing with international law, trade compliance, and financial regulations will benefit from a clear understanding of sanctions and their implications.
  • Individuals interested in Sanctions & Trade Compliance: For those personally or professionally inclined towards understanding sanctions and compliance, whether they are students, researchers, or just curious individuals.

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: Introduction to Sanctions

  • Introduction to this Module
  • What are Sanctions?
  • How do Sanctions Work?
  • Different Types of Sanctions
  • Scope of Sanctions
  • Module Summary
  • Multiple Choice Quiz

Module 2: Introduction to Sanctions Compliance

  • Introduction to this Module
  • Extraterritoriality of Sanctions
  • Blocking Statutes
  • Relevance of Sanctions for Organizations
  • Overview of Sanction Fines
  • Case Study: Fines on Banks due to Sanctions and Non-Compliance
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Module 3: Overview of International Sanctions Legislation

  • Introduction to this Module
  • Who Imposes Sanctions?
  • United Nations: Overview, Adoption, and Enforcement of Sanctions Legislation
  • United States: Overview, Adoption, and Enforcement of Sanctions Legislation
  • European Union: Overview, Adoption, and Enforcement of Sanctions Legislation
  • United Kingdom: Overview, Adoption, and Enforcement of Sanctions Legislation
  • China: Overview, Adoption, and Enforcement of Sanctions Legislation
  • FATF: Overview, Adoption, and Enforcement of Sanctions Legislation
  • Module Summary
  • Multiple Choice Quiz
  • Further Reading and References

Final Assessment

  • Final Assessment

Completing the Program

  • Completing the Program

Ready? Get unlimited access to all courses and webinars by joining our membership today!



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.

More Questions?

Email us and we'll be happy to answer any of your questions.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Learn In-Demand Skills with On-Demand Courses

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