Financial Sanctions (UK)
Price:
$2.60
Description:
You supervise all kinds of transactions every day as people exercise their spending power. But sometimes the government applies financial sanctions to limit the spending power of certain individuals, organizations, or countries. Assets may be frozen, and trade restricted or prohibited, to put pressure on political situations and safeguard national security. You need to know how to comply with the law.<br><br>The FCA (Financial Conduct Authority) sets out procedures that need to be followed for sanctioned people or entities. With the right steps in place, you’ll help minimize the risk by screening your customers, spotting illegal transactions, and taking the right measures. You’ll also recognize any exceptions that may apply.<br><br><strong>By the end of this course, you’ll be able to:</strong><br><br>• Explain what financial sanctions are, including potential measures<br>• Screen customers against sanction lists and take appropriate measures upon getting a match<br>• Describe standard exceptions and licensing grounds<br><br><strong>Why take this course?</strong><br><br>Compliance with the FCA around financial sanctions is essential when you’re involved with money. So, if you’re working in finance or management, this course is for you. You’ll learn about financial sanctions and measures, how to check if sanctions apply to your customers, and if so, what to do. You’ll also find out about exceptions and grounds for licensing.<br>Disclaimer:<br>Please be aware that the course offered is designed to comply with UK regulations. It is essential to verify that this course meets the specific requirements and standards of your home country. We encourage you to consult with your local authorities for guidance. While this course may not directly fulfill specific requirements in your jurisdiction, it can serve as a valuable resource for additional knowledge and reference.<br><br>10 mins | SCORM | Infographic