sanctions

Navigating Sanctions in the Digital Era

Course Duration: 15 minutes
Course Points: 
15

Learn from Fintelekt Academy Partner Accuity, a LexisNexis Risk Solutions Company, through this video course on Navigating Sanctions in the Digital Era.

In this video, Douglas Wolfson, Director – Financial Crime Compliance, LexisNexis Risk Solutions talks about the use of Sanctions, primarily through Office of Foreign Assets Control (OFAC), United Nations Security Council, European Union, and Office of Financial Sanctions Implementation (OFSI). He also covers the changes seen in usage of Sanctions over the last few years and best ways to prepare for Sanctions in the digital era.

Douglas discusses the importance of having a strong screening program and benefits of having access to the right information.

He ends the discussion with Sanctions Landscape in 2021 and what to expect in the coming years.

Sanctions Monthly Update – October 5, 2021

Course Duration: 10 minutes
Course Points: 10

Fintelekt Academy presents the Monthly Sanctions Update for September 2021 by Nicholas W. Turner, International sanctions lawyer and Of Counsel at Steptoe & Johnson LLP.

In a power-packed ten minute video, Nick provides a round-up of key developments in economic sanctions and his own commentary around:

  • reports that the National People’s Congress in China will not move forward in the near future with a proposal to incorporate elements of the PRC Anti-Foreign Sanctions Law into Hong Kong Law
  • two general licenses (14 and 15) issued by OFAC in relation to Afghanistan
  • OFAC’s update to a guidance on ransomware payments and the associated sanctions risk
  • the Executive Order in relation to Ethiopia threatening sanctions against elements of the local and national governments, and groups engaged in conflict
  • OFAC enforcement actions in the month of September involving financial institutions.

Conversations: Peter Piatetsky, Castellum.AI

Course Duration: 25 minutes
Course Points: 
25

On Fridays with Fintelekt today, hear from Peter Piatetsky, Co-Founder and CEO, Castellum.AI as he provides his expert comments and analysis on the global sanctions regime, with host Shirish Pathak, Managing Director, Fintelekt.

Peter has had a stint supporting US military operations and then with the US Treasury as senior policy advisory for Iran. His experience on the challenges in accessing data on sanctions led him to found Castellum.AI with the mission of building a ‘google’ for compliance, an easy to access online platform at an affordable price point so that anyone globally can find compliance data.

Sanctions have evolved over the years from the level of countries to individuals to sectors. They been used for a variety of reasons from political to counter-terrorism, law enforcement, corruption and human rights. Peter believes that sanctions can be used as a very successful tool if there is a specific goal. The broader that goal, the more difficult it is to achieve via sanctions.

Within the conversation, Peter takes us through many interesting insights on the US sanctions against Turkey, the current situation in Afghanistan, and the US-China conflict following the Anti-Foreign Sanctions Law. He also speaks about his research on human rights violations caused due to sanctions.

For all of this and more, tune in to the entire episode!

Certificate Course: Sanctions Module 3

In Module 1 of the Certificate Course on Sanctions, Surinderjit provided an introduction into the world of sanctions by explaining the concept and giving a brief history of sanctions and listed the various sanctions imposing authorities.

In Module 2, she explained the various types of sanctions and their applicability.

In Module 3, she covers the importance of compliance with sanctions.

Nowadays, companies have to navigate a complicated global sanctions landscape. It is imperative that organizations engaged in international business be aware of and stay current with sanctions developments. Surinderjit explains the repercussions of failing to comply with regulations and financial sanctions.

She discusses the key trends in global sanctions, and lists down the elements required for effective KYC and CDD measures with respect to sanctions. She also covers the most effective ways to conduct sanctions screening.

She ends the module with a case study on ELF Cosmetics.

Also available:

Certificate Course: Sanctions Module 1

Certificate Course: Sanctions Module 2

Sanctions Monthly Update – September 1, 2021

Course Duration: 10 minutes
Course Points: 10

In this month’s Sanctions Update, international sanctions lawyer Nicholas W. Turner, Of Counsel, Steptoe & Johnson LLP summarises the latest developments around economic sanctions in August, including:

  1. Updates on developments in Afghanistan
  2. Postponing of measures to incorporate the Anti-Foreign Sanctions Law into the Hong Kong law
  3. Belarus-related co-ordinated sanctions
  4. Potential developments in Australia following an announcement by the Ministry of Foreign Affairs
  5. Two OFAC settlements targeting foreign financial institutions operating in the UK and Romania

Sanctions Monthly Update – August 5, 2021

Course Duration: 7 minutes
Course Points: 5

International sanctions lawyer Nicholas W. Turner, Of Counsel, Steptoe & Johnson LLC provides a round-up of the latest developments around economic sanctions in July and early August.

In this monthly update, as of August 4, 2021, Nick covers:

  1. The developments around the US-China relationship, especially relating to Hong Kong
  2. New sanctions by the US government in Cuba under the Global Magnitsky Act
  3. SDNs designated in Syria and Myanmar in July by the OFAC
  4. Key learnings from two settlements issued by the OFAC in July relating to a Swedish manufacturer and an online payments company in the US.

Certificate Course: Sanctions Module 2

Module 2 of this Certificate Course aims to provide an understanding of the types of prevailing sanctions and the nuances between them. It talks about the policies and measures of international communities or states such United Nations, United States, Australia, United Kingdom, Canada etc.

For each issuer, the course covers the specific objectives, various sanctions regimes, the types of sanctions and their applicability. For the United Kingdom, sanctions regulations post Brexit are also discussed.

The course includes a Case Study of North Korea to highlight the effectiveness of Sanctions.

Updated: July 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 41 minutes
Points: 40

Trainer: Surinderjit Kaur, Faculty, Fintelekt Advisory Services
View Trainer Bio

Certificate Course: Sanctions Module 1

In Module 1 of this certificate course, Suriderjit provides an introduction into the world of sanctions by explaining the concept and giving a brief history of sanctions.

She discusses the various sanctions imposing authorities, the motivations for imposing them, as well as the most frequently applied sanctions measures.

Sanctions can have broad ranging socio-economic impact on a country, and Surinderjit explains this with the help of a case study on Sudan.

Updated: July 2021
Level: Beginner-Intermediate
Inclusions: Assessment, Completion Certificate
Duration: 32 minutes
Points: 30

Trainer: Surinderjit Kaur, Faculty, Fintelekt Advisory Services
View Trainer Bio

Expert Speak: Ankit Tibrewala, Standard Chartered Bank

Course Duration: 44 minutes
Course Points: 40

Ankit Tibrewala, Director, Sanctions Advisory, ASEAN & South Asia, Standard Chartered Bank speaks about Best Practices in Sanctions Compliance in this presentation from Fintelekt Asia AML/CFT 3rd Annual Summit 2021, held virtually from July 5-9, 2021.

Expert Speak: Nicholas Turner, Steptoe & Johnson LLP

Course Duration: 31 minutes
Course Points: 30

Nicholas Turner, Of Counsel, Steptoe & Johnson LLP speaks about Economic Sanctions in this presentation from Fintelekt Asia AML/CFT 3rd Annual Summit 2021, held virtually from July 5-9, 2021.

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