Eight Things You Need To Know To Strengthen Your Sanctions Compliance Program

Financial sanctions regulations are complex, varied, and in flux. Harsh prison penalties up to 20-year prison terms and civil money penalties in the billions can be imposed.

The sanctions compliance program of a financial institution or other business should also assure its procedures include current information on sanctions developments worldwide, including

• Sanctions against Russia/Ukraine, Venezuela and Cuba
• Cyber-related sanctions
• How to apply the 50% rule
• Compliance for internet and web-based activities

Close monitoring of transactions to assure they do not involve a sanctioned entity, coupled with effective internal reporting and training, are essential elements of a good sanctions compliance program.

Take this fast-faced interactive 1-hour training, to get the low down on the latest updates, and learn the eight elements of what a good sanctions program should entail, and how to protect your institution.