Sanctions Training

Tailored versions of our sanctions compliance course are available for the investment, insurance and retail banking sectors. Sanctions can be tailored to suit other sectors in the financial services industry, including:

• Accountancy Firms
• Aviation Leasing
• Credit Unions
• Fintech
• Law Firms
• Leasing and Finance
• Mortgage Providers
• Treasury
• Wholesale Banking

Sanctions training from CityLearning is built around a set of learning objectives to ensure your staff are trained in sanctions compliance.

After completing this course, you will be able to:

Module 1: What are Sanctions?

• define what sanctions are.
• discuss the purpose of sanctions.
• list the different types of sanction.

Module 2: Regulation and Enforcement

• explain how sanctions regimes are outlined and the function of sanctions lists.
• recognise international sanctions regimes including UN and EU sanctions.
• list UK and USA sanctions requirements.

Module 3: Ukraine-Russia

• emphasise the purpose of local and international economic sanctions against Russia.
• summarise the specific sanction measures in place against Russia.

Module 4: Screening and Reporting

• identify who is responsible for complying with sanctions regulations.
• outline the factors to consider when screening customers and transactions for risk of sanctions violations.
• describe what to do if you know of or suspect an actual or potential sanctions breach.

Sanctions covers the different international and national sanctions regimes and teaches your staff about their role in enforcing them. It begins by introducing sanctions, giving an overview of their purpose and the different types. The course then introduces the various sanctions regimes in force around the world and explains what sanctions lists are, where they can be found and how to use them.

Next, Sanctions goes into detail about the international sanctions imposed on Russia since its invasion of Ukraine in February 2022. It explains the purpose if these sanctions and the specific measures in place to ensure your staff understand the complex package of sanctions in place. The course ends by explaining how to screen your customers against the sanctions lists and report breaches. This sanctions compliance course will make sure your staff know they are responsible for complying with economic sanctions.

Sanctions ends in a 12-question course test. Learners must answer at least 10/12 questions correctly to pass the course. Their score will be automatically saved in CityLearning’s Learning Management System (LMS) CityREPORTs, so that compliance with sanctions training requirements can easily be proven.  

Rigorous Testing: Spot questions are used throughout the course to increase user engagement; they either probe to expand on a learner’s existing knowledge of the subject matter or reinforce key learning points. Each module ends in a short quiz and the course ends in a 12-question course test with an 80% pass mark. Questions in the course are randomised from a choice of three so that learners may retake without getting the same questions.

Customised Content: CityLearning can tailor Sanctions to suit other financial services sectors than are covered by the off-the-shelf versions. We can customise this eLearning sanctions compliance course with content specific to your company or jurisdiction.

Accessibility: This course contains audio narration throughout.

Glossary of Terms: Unfamiliar terms are linked to this glossary when they are first used in the course. The glossary can be accessed at any time.

Multimedia Design: This course gets the message across with a mix of text, images, animation and video.

Interactive Content: We design our courses to keep learners engaged and thinking.  Sanctions contains:

• navigational interactive elements, such as next/back buttons and icons that reveal more content once clicked.
• learning interactive elements, including scenario-based questions.

Modular Structure: This course is broken down into short modules that take roughly 10 minutes to complete, so learners can easily finish this course at their own pace.

Real Life Case Studies: Learners benefit from studying recent examples of economic sanctions, including those imposed on Russia in February 2022, and their violation. These highlight the importance of complying with economic sanctions.

Sanctions gives an overview of the UK, US, EU and UN sanctions regimes and is generally suitable for a global audience. It can be customised for any jurisdiction required. 

CityLearning enjoys a longstanding reputation for the highest quality course content. We are committed to continuous improvement and have a well-established Quality Assurance System in place to measure and enhance our performance.

All project personnel are highly experienced in developing generic, customised and bespoke eLearning solutions for our clients.

Our courses are regularly reviewed by Subject Matter Experts and thought leaders in the industry. The content is also reviewed by financial services regulatory consultants in the UK and a leading law firm in Ireland. 

CityLearning has been creating eLearning compliance training courses for over 25 years. Our courses are accredited for Continuing Professional Development (CPD) by various bodies, including the Chartered Insurance Institute (CII) in the UK and the Institute of Bankers (IOB), Life Insurance Association (LIA) and Insurance Institute of Ireland (III) in Ireland.