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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 2 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.
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.
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 £121 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.
Assessment
At the end of the course you will be assessed by means of a one hour multiple choice exam that is taken online.
ICA qualifications, where stated, are awarded in association with Alliance Manchester Business School, the University of Manchester.
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