Certified Global Sanctions Professional (CGSP) Preparation
Learn to read, apply and defend sanctions decisions in cross-border business.
About this course
Learn to read, apply and defend sanctions decisions in cross-border business. Over seven days you will examine the main sanctions regimes, how far their reach extends, and how secondary sanctions affect organisations far from the issuing country.
You will then build the practical side of a sanctions programme: risk assessment, screening and due diligence, trade finance and third-party checks, and handling investigations and regulator questions. Case studies and practice questions prepare you for the CGSP assessment.
What you'll learn
- Interpret the structure, scope and legal basis of the major international and national sanctions regimes
- Explain the extraterritorial reach of sanctions and the concept of secondary sanctions
- Design controls that detect and prevent sanctions breaches
- Integrate sanctions compliance into enterprise-wide risk management
- Apply screening, watchlist and customer due diligence controls
- Assess sanctions risk in counterparties, third parties and trade finance transactions
- Plan internal investigations and responses to regulatory enquiries
- Track emerging enforcement trends, including restrictions involving crypto-assets
Curriculum
- Purpose and types of sanctions
- Legal foundations and how regimes are created
- Key terms: designation, asset freeze, embargo
- Sanctions within the wider financial crime picture
- United Nations sanctions
- United States sanctions and OFAC
- European Union sanctions
- United Kingdom sanctions
- National regimes and how they interact
- Jurisdictional nexus and the role of currency
- Secondary sanctions explained
- Conflicting obligations across jurisdictions
- Practical implications for cross-border operations
- Governance, policy and accountability
- Sanctions risk assessment
- Integrating sanctions into enterprise risk management
- Training, testing and assurance
- Customer and transaction screening
- Watchlists and list management
- Ownership and control analysis
- Handling potential matches and alerts
- Sanctions risk in trade finance
- Correspondent banking exposure
- Dual-use goods and export controls
- Evasion red flags and typologies
- Conducting internal investigations
- Escalation, blocking and reporting
- Responding to regulatory enquiries
- Remediation and lessons learnt
- Recent directions in enforcement
- Crypto-assets and sanctions
- Case study review
- Practice questions
Who it's for
Sanctions, compliance, AML, legal, audit and trade finance professionals who manage cross-border risk.
Before you start
- Experience in compliance, AML/CFT, legal, risk or banking operations
Prepares for
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