Course overview
Over the past several decades, international economic sanctions have become a central instrument in global governance, being employed by both sovereign states and international organisations.
More recently, there has been a shift towards ‘smart’ or targeted sanctions that aim at the political and economic elites of targeted countries (e.g., through asset freezes and travel bans) rather than a more comprehensive sanctions approach (e.g., large-scale trade or oil embargoes) that has a detrimental effect on civilian populations.
In the era of financial globalisation, such ‘smart’ sanctions entail increased compliance obligations for state institutions and private organisations which, if not met, carry significant fines, penalties, and other adverse consequences.
What you'll learn
Here’s what you can expect to achieve following the completion of this Certificate:
- Understand sanctions and the importance of compliance
- Understand why it’s important to comply
- Define a sanctions compliance programme and governance framework
- Define sanctions lists and screening
- Manage alert investigations
- Understand the risk and cost of getting it wrong
- Determine how much your institution is vulnerable to sanctions risks
- Apply modern methodologies that will increase the efficiency and effectiveness of your programme
- Protect your institution from dealing with embargoed individuals or entities
- Understand the best practices for sanctions compliance controls
- And plenty more!
Recognition
Study method
- Online
- Blended
- In-class
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Duration study load
- 15 hours
- Access valid for 90 days
Entry requirements
No previous knowledge or experience is required although it is assumed that those interested have good knowledge of English and a strong educational background.
Course features
- 15-20 hours of self-paced, online, and interactive learning, including analysis of practical case studies
- A study guide
- Practice questions and a final mock exam
- Free AGRC membership for one (1) year
- Online exam with two attempts to pass
- AGRC certificate
- Use of the PAGRC designation upon successful completion
Assessment
- Duration: 60 minutes
- Number of questions: 40
- Type of question: Multiple choice
- Pass mark: 70/100
- Results appear directly once you submit all of your answers.
- Certificate is issued instantly in PDF and sent by email.
- A printed copy of the certificate can be requested for an additional charge of £50.
- Please keep in mind that if you do not complete your training programme and book your exam within the 3-month period, you will have to pay £150 to take the exam and for any additional attempt thereafter.
Is the study guide included in all AGRC packages?
Yes, for each AGRC package, you will receive the study guide and the exam (two attempts). You will also receive a structured, guided e-learning package that includes video lectures, case studies, and much more that will allow you to study at your own time and better prepare for the exam.
Who's it for?
- Financial crime and regulatory compliance professionals
- Professionals working within the sanctions environment who wish to certify their knowledge
- Operational staff who need to understand the importance of sanctions compliance
- Regulators
- Consultants
- AML, compliance, and risk professionals
- Anyone working in financial services interested in attaining a better understanding of how sanctions work
Subjects
About London Governance & Compliance Academy
The London Governance and Compliance Academy (LGCA) is a multi-accredited, UK-based executive education training and certification provider that specialises in the areas of governance, risk, compliance, and finance.
LGCA is part of the European Institute of Management and Finance (EIMF) Group, one of Europe’s leading institutions for certified and executive education, eLearning, and bespoke training solutions in the financial sector.
