The objective of this seminar is to provide participants with a comprehensive and practical understanding of the sanctions landscape and the obligations arising from the applicable regulatory framework. The seminar will also develop participants’ ability to screen customers and transactions, conduct ongoing monitoring, understand licensing and authorisation requirements, and respond appropriately to potential or confirmed sanctions matches.

Participants will learn how to assess ownership and control, apply the 50% rule and control test, recognise sanctions circumvention and proliferation-financing risks, comply with NSIU reporting obligations, and implement effective controls throughout the client relationship.

This seminar is designed for professionals responsible for identifying and managing sanctions risks, conducting customer due diligence, screening customers and transactions, and overseeing regulatory compliance. It is particularly relevant to:

• Compliance Officers, AML Officers and Money Laundering Reporting Officers (MLROs).
• Professionals involved in client onboarding, KYC, customer screening and transaction monitoring.
• Risk managers, internal auditors and legal advisers.
• Accountants, external auditors, and corporate and fiduciary service providers.
• Banking, investment, payment services and other financial services professionals.
• Directors and senior managers responsible for compliance oversight and internal controls.
• Professionals working in international trade, shipping and businesses with cross-border exposure.

• What are Sanctions
• The Regulatory Framework
  • National Sanctions Implementation Unit (NSIU)
  • NSIU Reporting/Disclosure Obligations
  • Sanctions Issuing Authorities
• Categories of Sanctions
  • Categories
  • Sanction’s policy
  • Sanctions Circumvention
  • Methods of circumvention
  • Scope of application
  • 50% Rule
  • Application of the 50% rule
  • Application of the control test
  • Proliferation & Proliferation Financing
  • Stages of Proliferation Financing
  • Dual – Use Goods
• The International Context of Sanctions
• The Regulatory Authorities Stance
• Client Acceptance and Ongoing Monitoring
  • Transaction Monitoring
  • Screening of Customers
  • Screening of Transactions
  • Sectoral Sanctions Screening
  • License / Authorisation