Gain the latest practical knowledge of Global Sanctions Compliance and enhance the level of protection provided by your name-screening systems.
Our study guide for this certificate defines the compliance controls of three distinct pillars: Processes, Systems, and Reports. It also discusses the most important sanctions regimes issued by the UN, EU, and OFAC.
Additionally, our program teaches you how to deal with sanctioned or high-risk countries, work on name screening tools & sanctions systems, understand violation reports, interpret the results, take decisions, and more.
Fees
€610.00 per student exc. VAT
COURSE OUTLINES
What Sanctions & Counter-Proliferation Finance Are
- Understand the concept of Sanctions and Embargoes.
- Identify the parties that issue sanctions, including the United Nations Security Council, European Union, and OFAC.
- Differentiate between types of sanctions, including comprehensive, sectoral, targeted, and global human rights sanctions.
- Comprehend the consequences of non-compliance with sanctions.
- Define and understand proliferation and proliferation finance and their associated obligations.
- Conduct proliferation finance risk assessments.
- Identify red flags and typologies of proliferation finance.
International Context
- Learn about the sanctions imposed by the UN, the European Union, and the Office of Foreign Assets Control (OFAC).
- Understand the roles of governments, regulators, and financial institutions in sanctions compliance.
Processes
- Understand customer onboarding and account opening procedures.
- Contrast automatic and manual name screening.
- Consider important factors during the account opening process review.
- Understand when and how name screening should be undertaken.
- Acknowledge the significance of training in sanctions compliance.
- Learn about screening system matching ranks and algorithms.
- Understand Delta Files and documentation.
- Learn how to perform manual and automated name screening.
- Understand de-risking activities.
- Learn about Banking Authenticated Messages (SWIFT) and the different types of SWIFT messages.
Systems
- Discover Computer Assisted Audit Techniques (CAAT).
- Understand how to use internal system lists to ensure sanctions compliance.
- Discover the general features of sanctions software.
- Learn how to reduce the number of false positives in name-screening tools.
- Understand the Wolfsberg Sanctions Screening Guidance.
- Learn how to minimise the number of false alerts generated by name-screening tools.
Reporting
- Understand the structure of violation reports.
- Analyse the findings of violation reports.
Countries' Sanctions Highlights (Excluded from the assessment)
- Learn about Russia's sanctions and countermeasures, as well as those imposed on China, Hong Kong, Syria, North Korea, Iran, and Cuba.
Examination
- Exam Duration: 60 Minutes
- Number of Questions: 50
- Type of Questions: Multiple Choice
- Pass Mark: 75/100
COURSE DETAILS
What You Get
Your one-year membership includes access to the candidate portal, where you can:- Download the programme study guide
- Undertake the practice questions
- Schedule your online proctored exam
Enrol today to become a Certified Sanctions Compliance Specialist (SCS).
Target Audience
Sanctions Compliance Officers and Managers, as well as trade finance staff in the following industries:- Banking Industry
- Insurance and Reinsurance Companies
- Brokerage Agencies
- Leasing and Microfinance Companies
- Lending Firms
- Exchange Houses and Money Service Businesses
Workers in Supervisory Authorities
For example:- Central Banks
- Financial Sector Regulatory Authorities
- Financial Intelligence Units (FIUs)
- Related Ministries and Government Bodies
IT Solutions Providers
Workers at IT solution firms that provide sanctions and name-screening systems.Registration Options
Candidates have two options to register for any of the GCI programmes:Option 1: Self-Study
Take the online proctored exam from home. GCI's examination process is set to the highest standards. Students gain access to an easy-to-navigate online portal, where they can download their certificate study guide (e-book) in their selected language and undertake the practice questions as many times as needed. Once the candidate is ready to sit the assessment, they can schedule their online proctored exam with a click of a button through their membership area and undertake the exam at any time and from anywhere. The assessment platform is usually available 24/7.- Anticipated reading hours: 15 Hours
- Anticipated Studying hours: 30 Hours
Option 2: Instructor-Led Programme
Virtual or in-person instructor-led sessions for groups of 10 or more are scheduled based on demand. Contact us to enquire about upcoming dates, or check this page regularly for the latest course dates and updates.
- Training hours: 14 Hours
- Anticipated Studying hours: 20 Hours
Ready to advance your career or provide your staff with the practical training experience they are looking for?
Reach out to us today to find out how we can help advance your career or provide your staff with the practical training experience they are looking for.Available Languages
- English
- Arabic
- Turkish
- French
FEES & FUNDING
Through the Get Qualified Scheme, students benefit from tax credits of up to 70% of their course fees after successful completion. Our team can assist you with applying for the Get Qualified scheme when undergoing training at the NOUV Academy.
Businesses seeking to train their staff can benefit from the Investing in Skills Scheme, a government incentive designed to provide support to companies to increase the productivity and adaptability of individuals that are active in the Maltese labour market. Our team will assist you in accessing applicable schemes when enrolling your staff in training courses through the NOUV Academy.