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 well-rounded strategy in combating financial crime. The ICA Advanced Certificate in Managing Sanctions Risk explores the intricacies and challenges of meeting sanctions obligations and is a must have qualification for anyone involved in identifying, understanding and managing sanctions risk exposure.
Topics to be covered include:
- 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
This course is offered by International Compliance Association Commercial Services (ICA’s approved training provider).During the restrictions imposed by the Covid19 pandemic the ICA have made significant investments in technology and resources to create a new student experience – a blend of self-study, instructor-led virtual classroom dynamic discussions around live scenarios, topical reviews of industry events and bite-size videos. All designed to help you get the most out of the course, increase your chances of successes and take away the practical knowledge you need to think differently and perform better in your role.
- 6-month course assessed by 2 written assignments (2,000 to 2,50 words)
- A mixture of guided online study and participation in live sessions:
- 1 x virtual classroom – groups are limited to 36 students to maximise the study experience
- 1 x live, immersive learning scenario – a powerful experience putting you at the centre of a story, helping you bridge the gap between what you know and how you can apply that knowledge in your role
- 6 x monthly “in the spotlight” videos covering the latest industry developments
- Proactive support throughout the course to help you stay on track
It is recommended that you study 6-8 hours per week over the six month period.
You can request a copy of the full syllabus here.
The next course dates are as follows:
course content can be accessed from 17 November 2021
Group 1 - Module 1:
- Virtual Classroom 1 - 24 November 2021 (09:30-12:30)
- Assessment Preparation Session - 6 December 2021 (13:00-14:00)
- Assignment 1 - 10 January 2022 (results 14 March 2022)
Group 1 - Module 2:
- Immersive Scenario - 21 February 2022 (14:30-17:30)
- Group Tutorial - 23 February 2022 (13:00-14:00)
- Assessment Preparation Session - 11 March 2022 (13:00-14:00)
- Assignment 2 - 11 April 2022 (results 24 June 2022)
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 course is 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
You will be assessed by means of two 2,000-2,500 word assignments – one during and one at the end of the course.
This course is awarded in association with Alliance Manchester Business School, the University of Manchester and the course fee includes a printable certificate once you have completed the course.
The Advanced Certificate is open to anyone who is interested in pursuing a career in the discipline. The content of the course requires you to possess a sound educational background and good written English skills.
In order to study any ICA qualification you need to be a member of the ICA. If you are not currently a member of the ICA, membership will be added to your basket during checkout of your online enrolment.
There are five different levels of individual membership. Whether you are just starting out in your career, already hold an ICA qualification or are an experienced practitioner, there is level appropriate for you and this will be activated at the same time as your course commences.
Whilst the GTA facilitates the training for ICA qualifications, you need to enrol online directly with the ICA. Scroll down when you reach this page and enter Guernsey when it asks ‘Where are you based?’ You can then follow the process to enrol.