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Sanctions Compliance Essentials

A 13-minute interactive course covering types of sanctions, global frameworks (UN, EU, OFAC, UK), and Cayman Islands compliance requirements. Includes a practical case study and emphasizes the role of financial institutions in sanctions adherence.

13 minutes of content

Course Certificate

Cayman Islands

Description

This self-paced course equips financial professionals in the Cayman Islands with a foundational understanding of sanctions regimes, including global and local frameworks. It covers types of sanctions, key regulatory bodies, institutional responsibilities, and real-world response strategies through interactive content and a case study.

What will you learn?

  • Define sanctions and understand the purpose of various regimes. 
  • Identify and explain key types of sanctions (e.g., financial, trade, travel, sectoral). 
  • Understand the risks and consequences of non-compliance for financial institutions. 
  • Recognize the structure and role of UN, EU, OFAC, and UK sanctions frameworks. 
  • Understand how the Cayman Islands implements and aligns with these frameworks. 
  • Analyze a real-world case study demonstrating successful sanctions compliance. 
  • Learn best practices for managing sanctions risk: due diligence, training, monitoring, and recordkeeping. 

Course Content

  1. Intro to Sanctions 
    • Purpose and types of sanctions (economic, financial, trade, sectoral, travel) 
    • Why sanctions compliance matters 
    • How institutions can manage sanctions risk 
  2. Case Study: International Sanctions Compliance in Action 
    • Scenario: Global Finance Corporation’s response to a sudden sanctions order 
    • Key actions: system updates, staff training, communication, auditing 
    • Lessons: rapid response, communication, training, and tech integration 
  3. Global & Local Sanctions Frameworks 
    • UN, EU, OFAC (US), and UK sanctions structures 
    • Cayman Islands’ alignment with UK and global regimes 
    • Financial institutions’ responsibilities under the Cayman framework 
  4. Course Recap & Quiz 

US$ 19.99

This course includes:

  • Cayman Islands
  • Course Certificate
  • 13 minutes of content

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