HM Treasury maintains comprehensive records of all persons and entities currently subject to sanctions. This means that they face financial restrictions, usually on the basis of their links with terrorist activity or human rights abuse.
If you run a business, you need to make sure that you do not handle money or assets owned by sanctioned parties, or enter into an arrangement whereby you grant them access to funds. To do so is a criminal offence. In this course, you will learn how financial sanctions work and how to meet your duties under the law.
You Will Learn:
- How financial sanctions work and the purpose and scope of the UK financial sanctions regime
- The scope and purpose of the Consolidated List and the UK Investment Ban List
- The parties responsible for maintaining these lists and how to use target and name matches to ensure that you do not engage in any transactions with individuals and entities named on the list
- How to verify customers’ identity, and the information you should collect when undertaking transactions
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Course content
4 modules · 0.75 hours of learning
- Module 01: Introduction (includes quiz)
- Module 01: Introduction (video)
- Module 02: What is a Financial Sanction? (includes quiz)
- Module 02: What is a Financial Sanction? (video)
- Module 03: Who is Responsible for UK Financial Sanctions? (includes quiz)
- Module 03: Who is Responsible for UK Financial Sanctions? (video)
- Module 04: Reporting (includes quiz)
- Module 04: Reporting (video)
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