Financial Sanctions

Train your employees on remaining compliant and avoiding Financial Sanctions

Key Learning Points:

  • What the HM Treasury may require of you
  • What the UK Government's consolidated list of targets may be used for?
  • What to do if your client is a listed target
  • When it is allowable to deal with the funds or resources of a target
  • What to do if you are suspicious of a new or existing client
Financial Sanctions
Financial Sanctions
Financial Sanctions
Financial Sanctions
Financial Sanctions
Financial Sanctions
CPD Points

Course Overview

The course is presented in a short, challenge format, designed to maximise learner engagement and knowledge retention.

It explores how firms can ensure compliance with the financial sanctions regime and the role of the Financial Conduct Authority (FCA) in ensuring that regulated firms are meeting their financial sanctions obligations.

The course also explores the right steps to take when dealing with financial sanctions and avoiding any potential breaches that may occur due to non-compliance.

Course Details

  • Course duration: 5 minutes
  • Gamified course
  • Certificate on completion
  • Course can be tailored using Adapt Authoring Tool
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Who Should Take This Course?

This eLearning course on Financial Sanctions is suitable for employees of firms regulated by the FCA including:

  • Full-time employees
  • Part-time employees
  • Managers
  • Supervisors
  • Executives
  • Directors

The Assessment

Learners will take on the role of a Compliance Manager at the National Bank of Great Britain, answer questions correctly to avoid financial sanctions breaches and escaping prison. Learners must collect all five get out of jail cards to ensure compliance with financial sanctions regime. Learners will receive a certificate of completion on successfully collecting all five get out of jail cards. Learners can take the assessment again to improve their score.

2 Ways of Purchasing

You can purchase our courses individually or for even better value you can purchase the complete range of Compliance, Health and Safety or Performance Management courses in one neat bundle.

1. Individual Licenses

If you buy courses on an individual bases you pay a price per learner, per course per year. You can run these courses on your own LMS if Xapi/SCORM compliant or you can take them.

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2. Complete Bundle

Buy all of the Compliance, Health and Safety or Performance Management courses in one great value package and receive unlimited benefits.

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1. Individual Pricing

Number of Learners Cost (per year)
1 - 10 29 / per learner
11 - 20 25 / per learner
21 - 50 20 / per learner
51 - 100 15 / per learner
101 - 150 10 / per learner
150+ POA

Exchange rates are updated regularly but are only intended as a guide.

2. Complete Bundle Pricing

If you buy all the Compliance, Health & Safety or Performance Management in a complete bundle, all features come as standard, no matter the size of your organisation!

Number of Learners Cost (per year)
1 - 100 30 / per learner
101 - 200 25 / per learner
201 - 300 21 / per learner
301 - 400 18 / per learner
401 - 500 15 / per learner
501 - 750 12.50 / per learner
751 - 1000 10 / per learner
1001 - 2500 8 / per learner
2501 - 5000 6 / per learner
5000 - 10,000 5 / per learner
10,000 + POA
Included Features
  • All courses in our catalogue
  • New courses added regularly
  • Branded, downloadable posters
  • Customise Course Content for Your Team
  • Astute eLearning Platform
  • Regular course updates
  • Dedicated Account Manager
  • Unlimited help desk support

Exchange rates are updated regularly but are only intended as a guide. Prices are based on a 2 year contract.

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Why you need Financial Sanctions Training

A financial sanction is imposed on individuals or legal entities (such as companies) to restrict their access to financial services, funds, or other economic resources. The HM Treasury refers to these restricted parties as 'targets'. Sanctions are usually put in place for purposes relating to national security or foreign policy, and are meant to protect assets, prevent hostile behaviour, or else constrain individuals/entities from doing harm. Raising awareness on what financial sanctions are and what they mean for regulated firms is vital in ensuring compliance and mitigating the risks.

Why you need Financial Sanctions Training

FAQ's

If you have any questions that are not covered here, please get in touch.

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What are financial sanctions?
Financial sanctions help achieve the UK government's foreign policy and national security objectives including the prevention of terrorist financing. Sanctions are also aimed at maintaining confidence in the integrity of the UK's financial service sector. All businesses are required to understand and implement the various responsibilities involved with financial sanctions effectively.
What is sanctions screening?
It is a criminal offence for regulated firms to provide funds or carry out transactions for designated persons on the consolidated financial sanctions list. To ensure that business activities are safe and legal, firms must implement sanctions screenings when taking on new customers. Sanctions screening helps businesses to identify sanctioned individuals and organisations and make to right decisions to ensure compliance and mitigate the risks.
What are the types of sanctions?
When a business identifies an individual or entity on the consolidated list, they are required by law to freeze the funds or economic resources that it controls and report to HMT's Asset Freezing Unit. All sanctions breaches must also be reported to the OFSI. Apart from asset freezes, the business may impose restrictions on financial markets and services, which apply to named individuals, entities and bodies, or to entire sectors.

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