ICA International Compliance Association

      ICA Advanced Certificate in Managing Sanctions Risk

      ICA International Compliance Association

      + IVA
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      Información importante

      Tipología Diploma de Especialización
      Metodología Online
      Duración 6 Meses
      Inicio Fechas a elegir
      Campus online
      Envío de materiales de aprendizaje
      Servicio de consultas
      • Diploma de Especialización
      • Online
      • Duración:
        6 Meses
      • Inicio:
        Fechas a elegir
      • Campus online
      • Envío de materiales de aprendizaje
      • Servicio de consultas

      Sanctions are a key tool in the armoury of the global fight against financial crime. Understanding sanctions remains a complex yet fascinating topic and is crucial for the development of a well-rounded strategy in combatting financial crime. The ICA Advanced Certificate in Managing Sanctions Risk explores the intricacies and challenges of meeting sanctions obligations. You will learn about the latest sanctions challenges and best practice and you will review case studies so you understand the risks sanctions present to firms and the frameworks used to manage these risks. The course will also 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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      · ¿Cuáles son los objetivos de este curso?

      What will you learn? Global sanctions architecture - political, legal and implementation context Evolving scope of sanctions – a changing tool Management of global exposure to unilateral and regional sanctions Identifying higher risk jurisdictions and activities Transparency, control and ownership Licensing and permissible payments Developing the control framework Incident management and holding of sanctions funds Sanctions lifting and roll back

      · ¿A quién va dirigido?

      Who is the course suitable for? Senior financial crime/regulatory compliance practitioners who are keen to enhance their existing expertise by learning about another distinct sphere Senior managers within the Sanctions environment who wish to certify their knowledge Anyone who needs to understand sanctions risk faced when dealing with customers, clients and/or transactions Those involved in the sanctions screening process Regulators or Consultants MLROs, Compliance Managers and Risk Managers Anyone with an interest in better understanding how Sanctions work and the risks they can present if not correctly addressed

      · Requisitos

      Entry requirements The ICA International Advanced Certificate in Managing Sanctions Risk is open to anyone who is interested in pursuing a career in sanctions risk management. However, the content of the programme requires students to possess: sound educational background good written English skills.

      · Titulación

      International Compliance Association Advanced Certificate awarded in association with Alliance Manchester Business School, the University of Manchester.

      · ¿Qué distingue a este curso de los demás?

      There is a lot of choice when it comes to your qualification – and we know that there are other options – but take a look at the benefits of choosing an ICA qualification: • Independently awarded qualifications that are also awarded in association with the UK’s largest campus-based business school: Alliance Manchester Business School, the University of Manchester. • As this is an accredited educational institution, you can be rest assured that your achievements will be recognised globally by both regulators and employers as being the benchmark of excellence • Assessed in a way that tests your critical thinking and judgment skills rather than just your memory • Career-enhancing with many students reporting promotions or higher-paid jobs as a result of attaining their qualification • Practically focused and designed so you can apply your knowledge immediately, empowering you to perform at your very best • Enable you to develop best practice initiatives that help prevent and mitigate risk at your firm • Be part of their global compliance community of thousands of like-minded professionals

      · How will you be assessed?

      Two 2,000-2,500 word assignments

      · Membership of ICA

      In order to study any ICA course you will need to become a member of ICA.

      · What are the benefits of a virtual classroom?

      - Access to coursework and tutors from anywhere in the world - Combination of both structure and freedom - you can have the structure of a formal classroom environment with the freedom to do an online course that suits your individual learning needs - Addresses the work-life balance that a lot of people feel is a barrier to learning - Expanded worldview - you will learn with international students, not necessarily from your jurisdiction, you get an exclusive insight into other businesses, cultures and attitudes which can inform your own approaches to problem solving - Increased digital skills - while increasing your knowledge and skills in your chosen subject, you can also benefit from using online learning technology.

      Preguntas & Respuestas

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      ¿Qué aprendes en este curso?

      Cumplimiento normativo
      Managing saction risks
      Risk Management
      Risk factors
      Banking and Finance
      Human Rights
      Sanctioning of terrorist groups
      Transparency of payments
      Due diligence factors


      Gail Wessels
      Gail Wessels
      Compliance Specialist and Trainer


      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

      Management of Global Exposure to Unilateral and Regional Sanctions

      • 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

      Identifying Higher Risk Jurisdictions and Activities

      • Identification of High Risk Jurisdictions • Business Line and Customer
      • Considerations
      • Export and Trade Finance
      • (grandfathering and prior contract) • Dual use good requirements (Case
      • Study - new Iran procurement)
      • Customer Considerations [Case Study, Family members of Designated Party, joint Accounts]
      • Insurance and Securities Considerations • Maritime Sanctions Case Study
      • Maritime Insurance
      • Due Diligence re underwriting
      • Due Diligence when a claim arises • Salvage
      • Vessel
      • Cargo Insurance
      • Re-insurance
      • Towing fees/port fees
      • Direct versus in-direct Exposure
      • Being Prepared – Sanction Forecasting

      Transparency, Control and Ownership

      • Transparency of payments and interrelationships
      • Control and Ownership Considerations • Control Test and Validation
      • Joint Venture exposure
      • Syndicate Lending
      • Circumvention considerations
      • Iranian Shipping- case study
      • Top 10 Common Questions on Transparency, Control and Ownership

      Licensing and Permissible Payments

      • Navigating Licensing Frameworks
      • When to rely on General Licenses • How to deal with multiple licence
      • processes etc.
      • Factors influencing Licensing Decisions
      • Supporting permitted activity i.e.
      • humanitarian activity (case studies: Syria humanitarian payments, Iran business permitted under the nuclear deal)
      • Getting Comfortable – Case Study on payment channels and due diligence

      Developing the Control Framework

      • Options for developing the control environment and screening assessment
      • Screening Systems and Controls
      • What to screen, fuzzy matching
      • thresholds
      • Dealing with non-exact matching
      • Personal name variations and ownership
      • Domestic versus non-domestic payments
      • Screening Innovations
      • Role of Technology
      • Secondary screening Engines
      • Case Study – Trade Finance Screening
      • Managing Alert Investigations
      • Top 10 Common Challenges in Screening

      Incident Management and Holding of Sanction Funds

      • Incident Management
      • Reporting of Breaches
      • Voluntary Self Disclosure
      • How to report breaches and associated regulatory factors
      • What and when to report
      • Internal review and investigation
      • Case Studies - Reporting of Cuban violation to OFAC,
      • Freezing of Funds and Incoming Payments
      • The holding of Sanctioned Funds – obligations, annual reporting responsibilities

      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