Sanctions Compliance Specialist (SCS) Certification

Course Overview: Master Global Sanctions Compliance Specialist (SCS) Certification

The Sanctions Compliance Specialist (SCS) globally recognized certification offered by GCI Australia and accredited by The London Institute of Banking & Finance, UK  provides a comprehensive understanding of global sanctions compliance, including frameworks from the UN, EU, and OFAC. This program is designed to equip professionals with the knowledge and skills necessary to ensure adherence to sanctions regulations and mitigate risks associated with non-compliance.

Key Learning Areas:

What Sanctions & Counter-Proliferation Finance Are

• Understand the concepts of sanctions, embargoes, and proliferation finance.

• Learn about global sanction issuers, including the UN Security Council, European Union, and OFAC.

• Differentiate between comprehensive, sectoral, targeted, and global human rights sanctions.

• Conduct proliferation finance risk assessments and identify red flags and typologies.

International Context

• Gain insights into the sanctions regimes of the UN, EU, OFAC, UK, and Australia.

• Understand the role of governments, regulators, and financial institutions in sanctions compliance.

Processes & Systems

• Discover Computer Assisted Audit Techniques (CAAT) and internal systems for sanction compliance.

• Implement strategies to minimize false positives in name screening tools.

• Learn about customer onboarding, account opening, SWIFT messages, and de-risking activities.

• Understand the Wolfsberg Sanctions Screening Guidance.

Reporting & Violation Analysis

• Master the structure of violation reports and how to analyze findings.

• Understand reporting obligations and the importance of accurate documentation.

Interactive Learning Components:

• Mock Screening Exercises: Simulate name screenings and practice reducing false positives.

• Case Studies: Examine real-world sanctions violations and countermeasures.

• Role Play: Conduct compliance risk assessments, identify gaps, and recommend corrective actions.

• Q&A and Feedback Sessions: Engage with expert instructors to clarify complex concepts.

Who Should Attend?

This certification is ideal for:

• Sanctions Compliance Officers and Managers.

• Professionals in remittances, trade finance, banking, insurance, and financial institutions.

• Employees in central banks, financial intelligence units (FIUs), and regulatory authorities.

• Providers of sanctions compliance systems and name screening tools.

Program Details:

• Training Dates: Monday, 9th Dec to Thursday, 19th Dec 2024 ( No classes on Fri, Sat & Sun )

• Time:  5:00 PM to 8:00 PM (UAE Time, GMT+4)  |   India: 06:30 PM to 09.30 PM

• Mode: Virtual training via MS Teams/Zoom.

• Duration : 30 hours of training (includes 10 hours for exam preparation with multiple mock tests)

• Proctored Exam: Saturday, 21st Dec 2024.  Pass Mark: 75% (50 multiple-choice questions).

• GCI Australia Certification Fee: $499  + Training Fee: $350 = Total USD 849/- 

• Certification:  Obtain the prestigious SCS Certification upon successful completion of the proctored exam.

💡 Don’t miss this opportunity to advance your Sanction Compliance expertise and career. Enroll now!

For further details book a meeting or, contact us at:  training@edudubai.org | +971 50 3130 946  | +91 9665 64 2862 |