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Sanctions Awareness and Screening Obligations - Financial Institutions (Sri Lanka)

On-demand AML/CFT training courses customised by country and financial services sector

Fintelekt’s Sanctions Awareness and Screening Obligations for Financial Institutions in Sri Lanka 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.

Take a Sneak Peek into the Course:​

Training Information

Objectives

  • Understand the various types of sanctions and differentiate between them

  • Understand sanctions compliance obligations and learn about challenges faced by financial institutions

  • Apply key international and domestic guidelines in relation to sanctions screening

  • Reinforce the importance of 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 Financial Institutions
  • Recent Global Developments
Module 2: United Nations Security Council Resolutions
  • United Nations Security Council
  • Implementation of UN Sanctions
  • UN Sanctions List
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 Financial Institutions in Sri Lanka
  • Obligations related to terrorism and terrorism financing
  • Obligations related to proliferation of Weapons of Mass Destruction (WMD)
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
  • Common Techniques for Circumvention of Sanctions
  • Examples of Detected Sanctions Evasions
Module 7: Sanctions Compliance Framework and Requirements
  • Elements of a Robust Sanctions Compliance Framework
  • Responsibilities of 3 Lines of Defence
  • Obligations under the FTRA regarding Customer Due Diligence
  • Screening Process and Components
Module 8: Red Flag Indicators
  • List of indicative red flags for detection of sanctions evasion

More Information

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