Financial Sanctions Compliance in Practice: FCA Findings, Controls & Case Studies

Introduction

Regulated firms remain exposed to sanctions risks via their business relationships and activities. The FCA want those they regulate to have adequate systems, controls and oversight mechanisms to prevent, detect and respond to potential non-compliance with the UK financial and trade sanctions regimes.

The FCA have found a number of activities which risk breaching sanctions. This live and interactive session will explore those activities, their associated challenges, and explain the processes required for maintaining compliance.

What You Will Learn

This live and interactive course will cover the following:

• Activities which risk breaching sanctions:
• An overview from the FCA’s Good / Poor Practice feedback
• Further examples of activity which leads to potential breaches
• Enforcement examples / root causes of the breaches
• Key processes for maintaining compliance:
• Due diligence
• Alert management
• Evasion detection
• Transaction and name screening
• Management of frozen assets
• Governance frameworks:
• MI
• Calibration, configuration, and assurance testing
• Case studies related to key challenges

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.