Course curriculum

  • 1. Purpose of International Sanctions

    • 1.1 Purpose of Sanctions

    • 1.2.1 Types of Sanction Measures Part I

    • 1.2.2 Types of Sanction Measures Part II

    • 1.3.1 Comprehensive Sanction and Humanitarian Exemptions

    • 1.3.2 Country vs. Thematic Sanction Programs

    • 1.3.3 International Sanctions vs. Autonomous Sanction Programs

    • 1.3.4 United Nations Security Council Sanction Programs

    • 1.3.5 European Union Sanction Programs

    • 1.3.6 Office of Financial Sanctions Implementation (OFSI)

    • 1.3.7 Office of Foreign Assets Control (OFAC)

    • 1.4 Escalation of Sanction Programs

  • 2. Sanctions Risks Financial Institutions Face

    • 2.1.1 Importance of Sanctions Compliance Part I

    • 2.1.2 Importance of Sanctions Compliance Part II

    • 2.2 Common Sanction Evasion Methods

    • 2.2.1 Correspondent Banking

    • 2.2.2 Use of Complex/Front Shell Corporate Structures

    • 2.2.3 The Use of Nominee and Related Parties

    • 2.2.4 Use of Trade-Based Methods

    • 2.2.5 Use of Non-Financial High-Value Instruments

    • 2.2.6 Use of Cryptocurrency and Other Payment Methods

    • 2.3 The 50% Rule: A Critical Compliance Challenge

  • 3. Sanctions Compliance

    • 3.1.1 Key Concepts in Addressing Sanctions Risks Part I

    • 3.1.2 Key Concepts in Addressing Sanctions Risks Part II

    • 3.2 Control Functions within a Financial Institution

    • 3.3.1 The Practitioner's Toolkit: KYC, UBO, and SOW

    • 3.3.2 Identifying Ultimate Beneficial Ownership (UBO)

    • 3.3.3 Identifying Source of Wealth (SOW)

  • 4. Assessment

    • Instructions

    • Questions