Elevate Your Skills
Workshop on Effective Sanctions Compliance: Priorities and Implementation
Manila, Philippines
Overview
The programme will aid the understanding of the complex environment of sanctions and the practical aspects of checks and controls necessary for complying with sanctions such as the UN, US, UK, EU and other sanctions regimes.
Your institution should consider nominating employees to participate if it wishes to:
- Enhance subject matter expertise in the area of economic and trade sanctions
- Protect the institution from reputation and financial risk arising out of sanctions lapses and violations
- Meet mandatory training requirements and certifying key employees.
Workshop Coverage
Module 1: Overview of Sanctions
- Key Concepts of Sanctions
- Purpose of Sanctions
- Multilateral versus Unilateral Sanctions
- Types of Sanctions Measures
- Consequences of Non-Compliance
- Trends and Developments
Module 2: Sanctioning Authorities
- United Nations Security Council
- US Sanctions Regime
- UK and EU Sanctions Regimes
- Licences or Permits
- Enforcement Actions
Module 3: Regulatory Expectations in the Philippines
- Targeted financial sanctions in the Philippines
- Expectations of the AMLC from covered persons
- Practical issues in implementation of sanctions obligations
- Importance of regular training and awareness programs
Module 4: International Norms and Standards
- The Financial Action Task Force
- Obligations of Countries under FATF Recommendations
- The Consequences of Non-Compliance with the FATF
- Differences between AML and Sanctions Compliance
- Obligations of Banks and Financial Institutions in FATF/ FSRB Member Countries
Module 5: Common Challenges and Sanctions Compliance Framework
- Common Evasion Methods
- Key sanctions risk areas
- Ownership and Control
- Elements of a Robust Sanctions Compliance Framework
- Risk Assessments
- Mitigating Controls: Screening, Due Diligence and Sanctions clauses
Who Should Participate?
The workshop is relevant for AML Compliance, Regulatory Compliance, Financial Crime, Operations, Trade Finance, Remittances, Sanctions, Screening, Payment Systems, Retail Banking, Wholesale Banking, Digital Banking, Technology, Cyber Security, Audit, Legal, Strategy, and Corporate Governance teams.
Workshop Trainers
Hon Chan is an international expert on sanctions. He worked with QMS Australia, AUSTRAC, Financial Services and Treasury Bureau, Hong Kong government and the United Nations Office on Drugs and Crime (UNODC) before joining the private sector, where he has played strategic risk management leadership roles in various global banks for the last ten years. Hon is currently the global head of sanctions at an Australian bank, where he is responsible for ensuring that the institution’s exposure to regulatory and reputational risks is managed in a commercially sensitive, practical and cost-effective manner. Hon has a Master of International Law from Sydney University.
Dante Fuentes is an Accredited Trainer on Anti-Money Laundering Act, Terrorist Financing Prevention and Suppression Act and other issuances of the Anti Money Laundering Council (AMLC), Philippines. He was the president of the Association of Bank Compliance Officers, Inc. (ABCOMP) from 2005 to 2018 and currently serves on their Advisory Board.
Dante was former Chief Compliance Officer of Philippine Bank of Communication, China Banking Corporation and Security Bank Corporation He is a Certified Public Accountant, Certified Fraud Examiner, and Certified Anti Money Laundering Specialist with over 40 years banking experience.
Registration
Participation Fees:
- USD 235 per participant (If nominating 1 participant)
- USD 215 per participant (If nominating 2 or more participants)
Seats are limited. To register for this workshop, please contact:
Oliver Dickson, Vice President – Sales
Mobile / WhatsApp / Viber: +91 98231 88864 / +91 93700 78917
Email: oliver@fintelekt.com
Terms and Conditions:
- Refreshments and lunch during the workshop are included in the fees.
- Payment to be made before start date of the programme. Fintelekt reserves the right to deny entry to the participant if payment has not been received before the start of the workshop.
- Payment made to Fintelekt towards the fees of participation at the workshop, should be net of any/all withholding taxes or charges.
- Cancellations are not allowed. Substitutions are welcome but must be communicated by email at least three days before the workshop.
- The training programme is subject to a minimum number of participants and may be cancelled by Fintelekt at its discretion, without liability, if this criterion is not met. In such instances, Fintelekt will offer the participants credit for a future programme, or a full refund.
- If the workshop cannot take place due to any unforeseen reasons, it will be postponed, and new dates will be announced. Fintelekt will retain the participation fees in a credit shell, which may be utilised by participants for the workshop on the revised date, or for any other Fintelekt training programme.