Since Russia launched its invasion on Ukraine at the end of February, the west has imposed significant sanctions on Russia, Belarus, and Vladimir Putin’s oligarchs who fund his war.
The rapidly evolving nature of the situation has made sanctions compliance an increasing challenge for businesses, but also one that is vital to understand and has prompted many organisations to review their compliance processes.
In this webinar, VinciWorks’ Director of Best Practice Gary Yantin and Director of Learning and Content Nick Henderson help businesses tackle questions around global sanctions compliance.
The webinar covered:
- How sanctions are enforced
- The challenges presented by sudden sanctions and how to be ready
- What to do if a client appears on the sanctions list
- How to stay up to date with the latest sanctions
- What processes and systems can help your organisation stay on top of sanctions regulations
Interactive sanctions compliance training suite
All businesses are required to screen for sanctions compliance when conducting due diligence, but in particular, regulated entities should make sure everyone is up to speed on the new sanctions rules. Our sanctions courses will teach users to understand global sanctions regimes for different jurisdictions and how they affect your business. Users will learn how to apply processes for customer screening, to identify red flags and report them, and how to make sense of recent sanctions changes. For businesses also operating under EU sanctions, VinciWorks will shortly be releasing a specific EU version of the sanctions course. Please contact us for more information.