ICA Advanced Certificate in Managing Sanctions Risk

Why Attend

Sanctions are a key tool in the armoury of the global fight against financial crime. Understanding sanctions remains a complex yet fascinating topic and crucial for developing a well-rounded strategy in combating financial crime. The qualification explores the intricacies and challenges of meeting sanctions obligations. This course will enable you to: Understand latest sanctions challenges Learn sanctions best practice Review case studies, so you understand the risks sanctions present to firms and the frameworks used to manage these risks Investigate key areas of sanctions controls such as sanctions screening, managing alerts and sanctions evasion typologies. This Advanced Certificate is a must-have qualification for anyone involved in identifying, understanding, and managing sanctions risk exposure. This course is awarded in association with Alliance Manchester Business School, the University of Manchester.

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Course Objectives


  • By studying this qualification, you will study the following topics:
  • • Global sanctions architecture - Political, Legal and Implementation context
  • • The international context
  • • Transparency, control, and ownership
  • • Developing the control framework
  • • Sanctions lifting and roll back
  • • Identifying higher-risk jurisdictions and activities


Target Audience


Heads of compliance, AML and financial crime
Money laundering reporting officers
Money laundering prevention officers
Compliance, AML and financial crime managers and senior staff
Senior risk staff
Regulatory representatives
Legal practitioners
Internal and external audit staff
Company secretaries
Accountants

Global Sanctions Architecture – Political, Legal and Implementation Context

  • Political Context - Sanctions as a Foreign Policy Tool
  • Legal Context - The Collective Architecture of Financial Sanctions
  • Sanctions Regimes – UN, OSCE, Arab league, EU and unilateral
  • Implementation Context - Evolving Scope of Financial Tools in Responding to International Security Threats
  • ⸰ Economic and Trade Sanctions
  • ⸰ Financial Prohibitions
  • ⸰ Asset Freezes
  • Emerging Political Challenges and Questions of Legitimacy
  • ⸰ General Insurance
  • ⸰ Money services businesses (MSBs)
  • ⸰ Non-financial professionals (lawyers and accountants)
  • ⸰ Trusts and corporate services

 

Evolving Scope of Sanctions – a changing tool

  • Human Rights – (Arab Spring, Libya, Egypt)
  • Misappropriation of State Assets (case study Ukraine, Egypt)
  • Chemical, Biological, Radiological and Nuclear sanctions (case study North Korea)
  • Sanctioning of Terrorist Groups (case studies:  Somalia piracy payments, ISIL territorial control, government versus terrorist actors i.e. Hamas/ Hezbollah
  • Russia Sectoral Sanctions – A New Type of Sanctions
  • Case Study Russia/Crimea

 

US Sanctions – Jurisdictional Scope, Role of Congress and Enforcement Tools

  • Compliance with Foreign Unilateral Sanctions
  • US extraterritoriality
  • ⸰ US Person Consideration (US person recusal case study)
  • ⸰ Non US bank use of US technology
  • ⸰ US Federal versus US State based Sanctions
  • ⸰ When a non-US person can become subject to US sanctions
  • ⸰ SEC 219 Reporting on Iran and Syria
  • Lessons from Recent Global Enforcement Cases.
  • Global Divergence and opposing sanction obligations (Case studies: Cuba anti blocking; participation in foreign clearing networks; Israeli obligations; Russian counter measures).
  • Group wide sanction sharing designation restrictions

 

Sanctions Lifting, the Iranian ICPoA and the Emerging Divergence of EU – US Sanctions Policy

  • Political Process of Sanctions Lifting and Roll Back
  • Legal nuances of Roll Back
  • Temporary lifting versus outright Roll Back
  • New or continued reporting obligations
  • Scope of Roll Back versus remaining prohibitions
  • Case Studies – Myanmar, Cuba and Sudan
  • Risk management in case of Snap Back
  • Case Study – Iran
  • Preparing for post sanctions re-engagement
  • ⸰ Releasing funds previously frozen
  • ⸰ Due diligence factors
  • ⸰ Managing business opportunity risk
  • Case Study – 2012 Libyan Central Bank Sanctions Lifting

Step 1: Select Prefered Schedule


Date Fee (GHS)

Step 2: Choose Registration Type