Sanctions Risks & Compliance
$99.00
This online course explores sanctions screening, focusing on the use of denied parties lists, understanding various kinds of sanctions such as economic, sectoral, and individual, and the crucial role of compliance software. Participants will gain insights into developing effective screening processes and learn best practices in maintaining record-keeping for audit and compliance purposes.
Earn 0.5 CCS/MCS, CES/MES, LCB Credit for this training.
Description
Introduction to Sanctions and Their Impact on Global Trade
This online course explores sanctions screening, focusing on the use of denied parties lists, understanding various kinds of sanctions such as economic, sectoral, and individual, and the crucial role of compliance software. Participants will gain insights into developing effective screening processes and learn best practices in maintaining record-keeping for audit and compliance purposes.
Explore the purpose, types, and implications of sanctions on countries, organizations, and individuals.
- Introduction to sanctions.
- Overview of denied parties lists and the screening process.
- Discussion on the use of screening software.
- Best practices for sanction screening.
Section 1: Introduction to Sanctions
- Key Topics:
- Definitions and purposes of sanctions.
- The role of sanctions in international trade and regulatory environments.
Section 2: Sanction Screening Importance
- Key Topics:
- Electronic vs. paper record-keeping practices.
- Addressing potential failure points in sanction screening.
- Importance of communication across different functions to halt shipments if needed.
Section 3: Record Keeping for Export Compliance
- Key Topics:
- Ten-year statute of limitations on export compliance records.
- Recommendations for maintaining electronic records for compliance.
Section 4: Screening Software Selection
- Key Topics:
- Factors to consider when selecting a sanction screening software.
- Inquiry about record-keeping capabilities and data privacy with software providers.
- Under an hour
- 90 day access
- Certificate of Completion
- 1 NCBFAA or CEU Credit
- Digital Badge
- 4 Lesson
- 4 Quizzes
- 1 Final Exam
- Learn best practices for electronic record-keeping and compliance.
- Understand how to scope business partners and sanction lists effectively.
- Avoid common screening mistakes, like excluding U.S. parties.
- Gain strategies to address failure points in the screening process.
- Know what to ask when choosing screening software providers.
What is OnDemand?
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