Sanctions: Know Your Transaction

Online Course • VinciWorks

About the CPD course

Sanctions: Know Your Transaction drops users into a set of immersive scenarios to test their knowledge; understanding and ability to comply with sanctions law.The UK Parliament passed the Sanctions and Anti-Money Laundering Act in 2018 to get the UK sanctions regime ready for when the UK leaves the European Union. The number and type of businesses who are subject to UK sanctions rules have rapidly expanded; as have the penalties available for those who breach the rules; from monetary penalties to criminal prosecution.The course is suitable for all types of users in an organisation; from rookies to veterans; and includes a unique course builder at the start; so every user completes their own personalised course; individually tailored to their training requirements.The course is broken into five minute modules that cover different aspects of sanctions. Each module contains a simulation of real sanctions dilemmas with key learning points related to the scenario. There are up to six modules available; depending on the learning needs of each user; including: Sanctions on peopleSanctions on countriesSanctions on financial conductSanctions on commoditiesImport / Export controlsUS OFAC sanctions compliance

Course features

Learn how to use the consolidated list to search whether an individual is subject to sanctionsGamified learning that rewards users with a new experience points systemUnique course builder; allowing each user to complete their own personalised course including modules on commodities; countries; and US OFAC compliance100% customisable and mobile friendly short modulesTranslated versions available in multiple languagesUp to date information on the Iran deal and expanded sanctions against North KoreaDetailed modules on import / export controls and trade in high value commoditiesAdd your own custom scenario questionsExpert users can able to "test-out"; allowing them to complete the course in less time The new course enables users to accrue experience points as they work through various sanctions scenarios. Veteran users will gather experience points more quickly; updating their knowledge and completing the course in as little as 15 minutes. Newer users or those that need a more in-depth refresher are encouraged to spend more time reading additional content and building up a bank of points to demonstrate their sanctions awareness.

Course outcomes

Understand the various UK and international sanctions regimesKnow how to use the consolidated list and military listsLearn to evaluate risks and follow the right course of actionKnow how to spot sanctions risks and red flagsBe aware of your responsibilities when working with sanctioned people or entitiesUnderstand US OFAC sanctions compliance.

Please note that VinciWorks courses are sold on a corporate rather than individual basis

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VinciWorks

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VinciWorks

We are a creative and driven team working hard each day to reinvent the impact that compliance tools and training can make. Too many businesses are using boring, tedious and cumbersome processes to train their staff and maintain compliance. We know you can do better, and to prove it, we have been developing the compliance training, tools and resources to help any organisation of any size to change the status quo. VinciWorks offers compliance training, software and resources relating to ESG, anti-money laundering, GDPR and data protection, anti-bribery, sanctions and more. We exist to cover every organisation's compliance needs.