Financial Sanctions (UK)
Duration10'
No. of mini-lessons4
ResourcesInfographic
Duration 10'
No. of mini-lessons 4
Resources Infographic
Course overview
Your employees supervise all kinds of transactions every day as people exercise their spending power. But sometimes the government applies financial sanctions to limit the spending power of certain individuals, organisations, or countries. Assets may be frozen, and trade restricted, or prohibited, to put pressure on political situations and safeguard national security. They need to know how to comply with the law.
The FCA (Financial Conduct Authority) sets out procedures that need to be followed for sanctioned people or entities. With the right steps in place, your employees will help minimise the risk by screening their customers, spotting illegal transactions, and taking the right measures. They’ll also recognise any exceptions that may apply.
What's covered
What financial sanctions are, including potential measures
Screening customers and measures to take upon getting a match
Standard exceptions and licensing grounds
Why your teams need this course
Compliance with the FCA around financial sanctions is essential for employees involved with money. This course is for those working in finance or management. They’ll learn about financial sanctions and measures, how to check if sanctions apply to their customers, and if so, what to do. They’ll also find out about exceptions, and grounds for licensing.
