Understanding International Sanctions and their impact to your business

Course Summary

This interactive course will provide delegates with a broad overview of the background to the international sanctions regime as well as teaching attendees some invaluable 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.

Introduction

This is an intensive interactive workshop designed to help delegates understand: (1) what sanctions are; (2) the effect they can have on the business activities of financial services providers, manufacturers, shipping companies and agents and (3) the processes that can be put in place to guard against the risks

Topics

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 delegates are asked to bring their own laptops if they have them available. These will be used during the second half of the course to work through examples and resources and for delegates to save some invaluable links to their favourites for future use. Any delegates who do not have access to their own laptop will be provided with a GTA machine for the duration of the session so that they don’t miss out on the learning experience.

Course Benefits

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

(1) what sanctions are;
(2) the effect they can have on the business activities of financial services providers, manufacturers, shipping companies and agents and
(3) the processes that can be put in place to guard against the risks

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

Tutor Profile

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.

Course at a Glance

  • Next Start Dates: New dates TBA
  • CPD Points: 4
  • Course Cost: £195.00
  • Course Length: Half day (09:00-12:30)

Prerequisites:

A basic knowledge of sanctions is desirable but not essential

There are no dates currently available for this course, If you would like to register your interest please complete the form below:

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