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Finance, AML & Compliance, Corporate Governance

Understanding International Sanctions and their impact to your business

Course details

CPD Points





Full day (09:30-16:00)

Course Overview

This participative course will provide you with a broad overview of the background to the international sanctions regime as well as highlighting valuable practical tips and tricks on the use of technology to navigate sanctions resources. This course is suitable for MLROs, MLCOs, compliance officers, risk managers, directors, fund managers, shipping managers, sales and marketing managers.

Course Content

This session will provide you with a broad understanding of the following:

  • The objectives of sanctions
  • Who issues sanctions
  • Multilateral sanctions – the UN and the EU
  • Unilateral sanctions – the UK and others
  • The Bailiwick of Guernsey’s sanctions regime
  • US sanctions and their extra-territorial effect
  • Who sanctions are aimed at and who must apply them
  • The different categories of sanctions: political and diplomatic; counter-terrorism; arms embargoes; prevention of organised crime and drugs trafficking
  • The different types of sanctions: asset freezes, travel bans and trade restrictions
  • Exemptions, import and export licensing, dual-use goods
  • What will happen post-Brexit
  • How to design a sanctions compliance programme
  • How to screen your customer base
  • How to identify and manage trade sanctions risk
  • What can happen to your business when things go wrong
  • What to do when you discover your customer is named on a sanctions list
  • When to get professional legal advice.

The workshop will demonstrate how to obtain access to the required sanctions lists for customer screening purposes, where to find technical assistance on sanctions issuers’ websites and will look at other useful online resources. We shall also examine some recent case studies.

In order to get the best out of the course it is suggested that you bring a laptop or other device if possible. These will be used during the second half of the course to work through examples and resources so you can save useful links for future use. If you do not have access to a laptop please contact the GTA as we have a limited number available for use.

Course Benefits

This is an intensive interactive workshop designed to help you understand:

  • what sanctions are
  • the effect they can have on the business activities of financial services providers, manufacturers, shipping companies and agents, and
  • the processes that can be put in place to guard against the risks.

Following the course you will be able to identify and manage the risks that international sanctions may pose to your business, and how to put in place damage limitation measures should a sanctions violation occur in your workplace.

Next Steps

If you would like to book a place on this course please click on the ‘Book Course’ button to the right of this page and login or register for a user account to complete your booking(s). Any queries please do not hesitate to contact us via [email protected] or call us on 01481 721555.

If no date is scheduled for this course at the present time please click on the ‘Register Interest’ button and login or register for a user account so that we can add you to our course interest register. This register allows us to contact our tutors and finalise dates for a course as soon as we have a few people who have expressed their interest, so the more delegates who register their interest, the sooner we can schedule a particular course.

Course Tutor

  • Neil Duquemin

    Neil Duquemin is an anti-financial crime specialist with Redwood Offshore Limited, a Guernsey and Jersey based business risk consultancy. He has been a Money Laundering Reporting Officer across all sectors of Guernsey’s finance industry for some twenty years; prior to this he spent eleven years in law enforcement as an officer with Guernsey Customs and Excise. He has given evidence to US government agencies investigating cross-border financial crime, and has dealt with the UK Treasury Office of Financial Sanctions Implementation and US Treasury Office of Foreign Assets Control in sanctions violation cases.

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.