Summary

The Board of Directors holds key oversight responsibilities regarding sanctions and secondary sanctions compliance to ensure that the organisation operates within applicable and legal frameworks. This course outlines the relevant sanctions regimes that must be adhered to, the requirement to be aware of any changes to the law and how it impacts the organisation. The more common sanctions violations are examined and assessed and a number of real-life case studies evaluated from the perspective of lessons to be learned and how the organisation can strengthen the board’s oversight of sanctions risks.

This course is one of several courses within the Professional Certificate in Risk Management. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Designed for C-Suite executives in financial services, including CEOs, Chief Risk Officers (CROs), Chief Compliance Officers (CCOs) and Board members including NEDs. Also aspiring executives and senior managers.

Course Objectives

• Understand the role of financial sanctions in global regulatory frameworks

• Identify different types of sanctions, including primary and secondary sanctions

• Recognise the risks associated with sanctions violations and enforcement actions

• Analyse case studies of financial institutions penalised for sanctions breaches

• Develop strategies for mitigating sanctions risk through enhanced due diligence (EDD) and robust compliance programmes

• Learn best practices for board oversight and governance in sanctions risk management

• Understand regulatory expectations and industry best practices for sanctions compliance

Course Structure

• Section 1: Introduction to Sanctions Risk

• Section 2: The Risks of Sanctions Violations

• Section 3: Case Studies of Sanctions Violations & Compliance Failures

• Section 4: Strengthening Board Oversight of Sanctions Risk

• Summary

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 60 and 90 minutes, depending on your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.