Ultimate Sanctions Compliance: The Complete Package

The Complete and Ultimate Guide on Sanctions Compliance + AML and KYC, Additional Certificate Included – 2024

What you’ll learn
Obtain a Certificate of Completion issued by The Elite Compliance Group
Introduction to Sanctions Compliance (importance, types of sanctions, regulatory bodies and authorities)
Sanctions Compliance Regulations (AML/CTF, KYC/CDD, SAR/STR, EU, UN, US, UK Sanctions)
Sanctions Compliance Procedures (compliance program, KYC, customer and transactions screening, monitoring and reporting, sanctions exceptions)
Case Studies and Real-World Examples (failure and success stories)
International Considerations in Sanctions Compliance (jurisdictions, sector specific sanctions)
Advanced Topics in Sanctions Compliance (blockchain and DLT, AI and Machine Learning, cryptocurrency, evasion and case studies)
Whistleblower Protections (importance, legal safeguards, real life examples)

Requirements
Previous level of knowledge can help completing the course more quickly, although it is not necessary since this is a full course on Sanctions Compliance and international considerations, basic to advanced.
The course is meticulously designed to offer a highly granular learning experience, broken down into multiple sections and subsections. This structure ensures that the content is easy to navigate, making it simple for everyone to follow along, no matter the starting point.
If a particular lesson doesn’t align with your current needs or interests, you can easily skip ahead without losing the overall thread of the course.
Even if you encounter more advanced topics, the course is structured to ensure you can still keep up, providing the necessary context and support to bridge any knowledge gaps.

Description
This course is a complete, basic to advanced, walkthrough for Sanctions Compliance, going from sanction types, regulatory bodies and authorities, different regulations and jurisdictions, but also a more in depth view of certain KYC and AML requirements, Suspicious Activity Reporting (SAR or STR), sanctions procedures, screening, ownership, sanctions exceptions and exemptions, case studies of failure and success stories, as well as some advanced topics such as blockchain and DLT, AI and Machine Learning, cryptocurrency and digital assets, evasions and whistleblower protections, and much, much more!Once you have completed the entire course you will receive via Udemy message all the presentations and articles used in the course in .pdf format (Complete Sanctions Manual).Besides Udemy’s certificate, we additionally offer a Personalized Certificate of Completion issued by The Elite Compliance Group, upon request. To obtain yours, simply send us a private message through Udemy, including the name you’d like to see on the certificate.Please consider that due to high demand the certificates are processed and issued at the end of each month. For instance, if you request a certificate in January, it will be provided in February.Below you can find the full course index.The course also contains small questionnaires for you to check your acquired knowledge for some of the sections.Full Course Index:Section 1: Introduction to Sanctions Compliance1.1 Overview of Sanctions Compliance1.1.1 Definition and Purpose1.1.2 Importance in Financial Markets1.1.3 Historical Context1.2 Types of Sanctions1.2.1 Economic and Financial SanctionsAsset freezing and the release of funds1.2.2 Trade SanctionsExport-controlled goods are susceptible to trade sanctions1.2.3 Targeted SanctionsComprehensive sanctions vs. targeted sanctions1.2.4 Sanctions by industry typeSanctions Exceptions1.3 Regulatory Bodies and Authorities1.3.1 Key Regulatory Agencies1.3.2 Important organizations1.3.3 Role of Government Authorities1.3.4 International Sanctions FrameworksSection 2: Sanctions Compliance Regulations2.1 Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF)2.1.1 AML/CTF Basics2.1.2 Customer Due Diligence (CDD)2.1.3 Suspicious Activity Reporting (SAR or STR)2.2 European Union (EU) Sanctions2.3 United Nations (UN) Sanctions2.3.1 Example of UN Sanctions2.4 United States (US) Sanctions2.4.1 Sanctions regime in the US2.4.2 US Regulatory Agencies2.5 United Kingdom (UK) Sanctions2.6 Unilateral SanctionsSection 3: Sanctions Compliance Procedures3.1 Developing a Sanctions Compliance Program3.1.1 Building a Compliance TeamA solid SCP frameworkManagement commitment and a compliance culture3.1.2 Risk Assessment and MitigationInternal controlsAuditing and testing3.1.3 Training and staying up to dateKeeping up with sanctionsSanctions easing and lifting3.2 Due Diligence and Screening3.2.1 KYCKYC RequirementsKYC due diligenceEnhanced sanctions due diligence3.2.2 OwnershipControl, ownership, and transparencyThe OFAC 50% ruleOwnership and control in the EU and UKBeneficial ownership concealment3.2.3 ScreeningWhat exactly is sanctions screening, and how does it work?Different types of sanctions screening3.2.4 Customer and Transaction Screening3.2.5 Adverse Media Screening3.2.6 Third-Party Risk Management3.3 Transaction Monitoring and Reporting3.3.1 Real-time Transaction Monitoring3.3.2 Suspicious Activity Reporting (SAR)3.3.3 Compliance Software and Tools3.4 Sanctions Exceptions Handling3.4.1 Sanctions exemptions and licenses3.4.2 Licensing sanctions grounds3.4.3 Humanitarian licenses used effectively3.5 Sanctions Violations and Breaches3.5.1 Inadvertent sanctions violations3.5.2 Consequences of failing to comply with sanctionsConfronting a Sanction ViolationSelf-reporting a suspected sanction breachManagement of incidents as part of a SCPSection 4: Case Studies and Real-World Examples4.1 Notable Sanctions Compliance Failures4.1.1 Compliance Scandals in Financial MarketsConsequences of Standard Chartered’s 2012 Sanctions ViolationLessons Learned from Standard Chartered’s 2012 Sanctions Violation4.2 Success StoriesSection 5: International Considerations in Sanctions Compliance5.1 Understanding Jurisdictional Issues5.2 Sector Specific Sanctions5.2.1 Risks of sector-specific sanctionsRisk of correspondent banking sanctionsSanctions risk for digital currenciesCorporate supply chain sanctionsSanctions for maritime, logistics, and freight forwardersGoods and technologies of US originSanctions in the IT sectorSanctions on high-value and luxury goodsEffective humanitarian license applicationHumanitarian aid distribution in authorized jurisdictionsSection 6: Advanced Topics in Sanctions Compliance6.1 Sanctions and Emerging Technologies6.1.1 Blockchain and Distributed Ledger Technology (DLT)6.1.2 Artificial Intelligence (AI) and Machine Learning6.1.3 Cryptocurrency and Digital Assets6.1.4 3D Printing and Advanced Manufacturing6.2 Sanctions Evasion and Enforcement6.2.1 Methods of Sanction Evasion6.2.1.1 Smuggling and Illicit Trade6.2.1.2 Front Companies and Shell Entities6.2.1.3 Cryptocurrency and Peer-to-Peer Transactions6.2.2 Regulatory Enforcement and PenaltiesThe Huawei Case (2020)The Zhenli Ye Gon Case (2019)Section 7: Whistleblower Protections7.1 The Importance of Whistleblower Protections7.1.1 Encouraging Disclosure7.1.2 Strengthening Compliance7.2 Whistleblower Protection Mechanisms7.2.1 Anonymity and Confidentiality7.2.2 Legal Safeguards7.2.3 Monetary Rewards7.3 Real-Life ExamplesThe Sarbanes-Oxley Act (SOX)The Dodd-Frank Wall Street Reform and Consumer Protection ActThe EU Whistleblower DirectiveCrucial Role of Whistleblower ProtectionsSection 8: Conclusion and Course Recap

Overview
Section 1: Introduction to Sanctions Compliance

Lecture 1 Important: Starting Instructions

Lecture 2 Disclaimer

Lecture 3 Overview of Sanctions Compliance

Section 2: Types of Sanctions

Lecture 4 Types of Sanctions

Section 3: Regulatory Bodies and Authorities

Lecture 5 Regulatory Bodies and Authorities

Section 4: Sanctions Compliance Regulations

Lecture 6 Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF)

Lecture 7 European Union (EU) Sanctions

Lecture 8 United Nations (UN) Sanctions

Lecture 9 United States (US) Sanctions

Lecture 10 United Kingdom (UK) Sanctions

Lecture 11 Unilateral Sanctions

Section 5: Sanctions Compliance Procedures

Lecture 12 Developing a Sanctions Compliance Program

Lecture 13 Training and staying up to date

Section 6: Due Diligence and Screening

Lecture 14 KYC

Lecture 15 Case Study – Deutsche Bank Trust Company Americas (DBTCA)

Lecture 16 Ownership

Lecture 17 Screening

Section 7: Transaction Monitoring and Reporting

Lecture 18 Transaction Monitoring and Reporting

Section 8: Sanctions Exceptions Handling

Lecture 19 Sanctions Exceptions Handling

Section 9: Sanctions Violations and Breaches

Lecture 20 Case Study – Methods to avoid sanctions: Trade-Based Maritime

Lecture 21 Enforcement Lessons

Lecture 22 Consequences of failing to comply with sanctions

Section 10: Case Studies and Real-World Examples

Lecture 23 ZTE Corporation (2018)

Lecture 24 HSBC (2012)

Lecture 25 Standard Chartered (2012)

Lecture 26 BNP Paribas (2014)

Lecture 27 Société Générale (2018)

Lecture 28 Success Stories

Section 11: International Considerations in Sanctions Compliance

Lecture 29 Understanding Jurisdictional Issues

Lecture 30 Sector Specific Sanctions Part I

Lecture 31 Sector Specific Sanctions Part II

Lecture 32 Sector Specific Sanctions Part III

Lecture 33 Sector Specific Sanctions Part IV

Section 12: Advanced Topics in Sanctions Compliance

Lecture 34 Emerging Technologies, Evasion and Enforcement

Lecture 35 Case Study – Huawei (2020)

Lecture 36 Case Study – Zhenli Ye Gon (2019)

Section 13: Whistleblower Protections

Lecture 37 The Importance of Whistleblower Protections

Lecture 38 Real-Life Examples

Lecture 39 Whistleblower Protection Mechanisms

Section 14: Scenario-Based Assignments

Section 15: Conclusion and Course Recap

Lecture 40 Conclusion and Course Recap

Section 16: Certificate of Completion (.pdf format)

Lecture 41 Certificate Sample

Section 17: Bonus Resources

Lecture 42 Detailed Courses on Corporate KYC and Building a Compliance Program

Regulatory Compliance,Compliance Analysts,Compliance Managers,KYC Analysts / Know Your Client Analysts,KYC Managers,AML/TF(Anti Money Laundering and Terrorist Financing) Analysts,AML Managers,Compliance Specialists,Screening Analysts,Customer Screening Analysts,Transaction Screening Analysts,Adverse Media Screening Analysts,Corporate KYC/AML Analysts,Onboarding Analysts,Anyone in the financial compliance sector (private companies, regulated or non-regulated companies, banking, real estate, lawyers, or public sector employees).

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