Convenient and Effective
Sanctions Awareness and Screening Obligations - for Banks and Financial Institutions (India)
On-demand AML/CFT training courses customised by country and financial services sector
Fintelekt’s Sanctions Awareness and Screening Obligations for Banks and Financial Institutions in India is a module designed to help employees gain practical knowledge of the subject of sanctions and to help them understand and apply the concept to their day-to-day roles.
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Training Information
Objectives
Understand the various types of sanctions and differentiate between them
Reinforce the importance of banks and FIs to be adequately prepared for the increased sanctions compliance
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Course Content
Module 1: Overview of Sanctions
- Introduction to the Course
- The Importance of Sanctions
- Authorities Imposing Sanctions
- The Impact of Sanctions on Banks and Financial Institutions
- Recent Global Developments
Module 2: United Nations Security Council Resolutions
- United Nations Security Council
- Implementation of UN Sanctions
Module 3: The Role of the Financial Action Task Force
- Financial Action Task Force
- Obligations of Countries under FATF Recommendations
- Consequences of Non-Compliance with FATF Recommendations
- Differences between AML and Sanctions Compliance
Module 4: Obligations of Banks and Financial Institutions in India
- Obligations under the UAPA, 1967
- Obligations under the WMD Act, 2005
Module 5: US, UK and EU Sanctions Regimes
- Introduction to Country Sanctions Regimes
- US Sanctions
- UK Sanctions
- EU Sanctions
Module 6: Common Techniques for Circumventing Sanctions
- Sanctions Circumvention Techniques and Examples
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