Sign up to our mailing list

Sign up for more info including course updates,
upcoming courses and the latest news from GTA

Search

Finance, AML & Compliance

ICA Certificate in Managing Sanctions Risk

Course details

Cost

£615

Length

Online self-study for 1-3 months. Commence this training at any time

Course Overview

Sanctions can be a complex topic and dealing with sanctioned parties can be a risky business. National or international sanctions may be issued against individuals, entities, groups or nations; or even trading activities/particular sectors. This introductory level 2 qualification is suitable for those working in financial crime and regulatory compliance who wish to learn more about this topic.



Course Content

Those bodies charged with enforcing sanctions compliance are particularly active at the moment, with multiple fines for firms in recent years stretching into billions of dollars. The course has been designed for those who need to understand the fundamentals of sanctions and recognise key issues, particularly relating to the risks they can present.

You will study this course in your own time and at your own pace, and you have up to 3 months to complete it.

You will learn:

  • Understanding sanctions
  • The international context
  • Defining a sanctions governance framework
  • Sanctions lists and screening
  • Managing alert investigations
  • The cost of getting it wrong
  • The challenges of change

You can request a copy of the full syllabus here.


Course Benefits

The course has a practical focus and is most relevant to:

  • 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
  • Operational staff, who need to understand the inherent Sanctions risks they face when dealing with customers and/or transactions
  • 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 learn about the nature, importance and context of international sanctions; the regulatory framework and international developments around sanctions; and defining a sanctions governance framework.

Assessment

At the end of the course you will be assessed by means of a one hour multiple choice exam that is taken online.

This qualification 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.

Prerequisites

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. The fee for ICA Affiliate Membership for one year is £75 payable to ICA and includes your assessment and access to invaluable knowledge resources that will help with your course as well as many other member benefits and services. You can apply for membership at the same time as you enrol for a course.

Next Steps

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.

Course Tutor

  • The International Compliance Association (ICA)

    The International Compliance Association (ICA) is the leading professional body for the global regulatory and financial crime compliance community. It is also the provider of internationally recognised, professional, certificated qualifications in anti-money laundering; governance, risk and compliance and financial crime prevention.

    Being a member of the ICA, a global community, is a mark of prestige and shows that you have reached a standard of excellence in your professional career.

Upcoming Courses

Some courses we run are scheduled based on demand. Please ensure you register your interest to ensure we know which courses you would like to attend.