Our study guide for this certificate defines the compliance controls of three distinct pillars: Processes, Systems, and Reports. It also discusses the most important sanctions regulations issued by the UN, EU, and OFAC.
Certifying Body : GCI
Tutor : NULL
Syllabus Overview
Understanding sanctions
Processes
Systems
Reporting
The International Context
General Details
Duration: 7 Sessions Total hours: 21 Hours
Understanding sanctions
What are Sanctions, and why it’s important to comply?
Know how to protect your institution from dealing with embargoed individuals or entities
Understand the best practices for sanctions compliance controls
Processes
Determine how much your institution is vulnerable to sanctions risks
Learn the modern methodologies that increase the efficiency and effectiveness of your program
Account Opening
Banking Authenticated Messages
Other Products and Services
Dealing with High-Risk Countries
Systems
Computer Assisted Audit Techniques (CAATs)
System Internal Lists
General Sanctions Software Highlights
Name Screening Algorithms and Reducing The Number of False Hits
Reporting
Violation Report – Structure
Violation Report – Interpreting the Results
Interpreting Bank Authenticated Messages Report
Helping you to make the right decision regarding accepting or rejecting a transaction
The International Context
United Nations Sanctions
EU Sanctions
United States Initiatives
Have a solid understanding of the most important country sanctions
Sanctions Compliance officers and managers, in addition to transfers and trade finance staff in the following industries:
Banking Industry
Insurance and reinsurance Companies
Brokerage agencies
Leasing and Microfinance Companies
Lending Firms
Exchange Houses and Money Service Business
Workers in the supervisory authorities e.g:
Central Banks
Financial Sector Regulatory Authorities
Financial Intelligence Units FIUs
Related Ministries and government bodies
More
Workers at the (IT solution firms) who provide sanctions and name screening systems.
