Sanctions Compliance Commissioner
The course “Sanctions Compliance Commissioner” is designed to prepare professionals responsible for organizing, coordinating, and ensuring the conformity of an organization’s activities with applicable sanctions requirements.
Participants will learn about approaches to identifying and assessing sanctions risks, conducting due diligence on counterparties and stakeholders, monitoring changes in sanctions legislation, preparing internal documents and reports for management, and implementing measures for the continual improvement of the sanctions compliance system, as well as the role and responsibilities of a sanctions compliance commissioner.
Duration
32 hours
Language
English/Ukrainian
Format
100% online
Objective
The objective of the course is to develop the professional competencies required to establish and operate a sanctions compliance system, manage sanctions risks, and monitor the conformity of an organization’s processes with established requirements.
Target audience
The course is intended for compliance and sanctions control commissioners, heads of and professionals in compliance departments, legal departments, financial control, and risk management, personnel responsible for counterparty due diligence and monitoring sanctions restrictions, corporate governance professionals, and representatives of organizations seeking to implement or improve a sanctions compliance system.
Document on completion
Upon successful completion of the course, participants are awarded a certificate conferring the qualification “Sanctions Compliance Commissioner”, listed in the international SIC register.
Thematic plan
The course has a total duration of 32 hours and consists of 2 training modules.
Objectives
Module 1 — Description of the requirements of ISO 37301:2021 “Compliance management systems. Requirements with guidance for use”. SIC.MODULE.ISO37301:2021
| № | Тopic | Hours |
| 1 | Introduction to the CMS | 2 |
| 2 | Context of the organization as a fundamental basis of the CMS | 3 |
| 3 | Leadership, culture and compliance policy | 2 |
| 4 | Risk-based planning of the CMS | 4 |
| 5 | Resources and documentation of the CMS | 3 |
| 6 | Operational activities and processes of the CMS | 4 |
| 7 | Evaluation and analysis of the effectiveness of the CMS | 3 |
| 8 | Corrective actions and improvements to the CMS | 2 |
| 9 | Testing | 1 |
| Hours total | 24 |
Module 2 — Sanctions compliance commissioner. SIC.MODULE.C.ISO37301:2021
| № | Тopic | Hours |
| 1 | Sanctions compliance as part of the compliance management system | 1 |
| 2 | Organization of the sanctions compliance system and the role of the commissioner | 1 |
| 3 | Sanctions control processes and sanctions risk management | 1 |
| 4 | Documented information and internal control mechanisms | 1 |
| 5 | Monitoring, control and reporting within the sanctions compliance system | 1 |
| 6 | Practical module: a day in the life of a sanctions compliance commissioner | 1 |
| 7 | Case studies and self-assessment | 2 |
| Hours total | 8 |