Learn TFS and CPF principles, global
regulations (UN, FATF), and key risk indicators. Develop skills to implement
compliance programs and ensure adherence to sanctions
Learning Objectives:
- Understand the key principles of targeted financial sanctions (TFS) and the importance of countering proliferation financing (CPF).
- Learn about the global and national regulatory frameworks related to TFS and CPF, including UN Security Council Resolutions and FATF recommendations.
- Identify the red flags and risk indicators related to proliferation financing activities.
- Develop skills to implement compliance programs to ensure adherence to TFS and CPF regulations.
- Explore the role of financial institutions in detecting and reporting proliferation financing.
- Learn how to effectively screen transactions and customers to ensure sanctions compliance.
- Understand the penalties for non-compliance and how to avoid regulatory breaches.
Course Outline:
Introduction to Targeted Financial Sanctions (TFS) and Countering Proliferation Financing (CPF):
- Overview of TFS, CPF, and their global importance in maintaining security.
- Key regulatory bodies and their role in implementing TFS and CPF.
Global Regulatory Frameworks:
- Understanding relevant UN Security Council Resolutions, FATF recommendations, and local laws.
- Differences between AML/CFT and CPF compliance obligations.
Proliferation Financing Red Flags and Typologies:
- Identifying red flags in transactions related to weapons proliferation.
- Examples of common typologies of proliferation financing.
Implementing TFS & CPF Compliance Programs:
- How to design and implement effective compliance programs for TFS and CPF.
- Setting up policies, internal controls, and training for employees.
Screening and Monitoring for Sanctions Compliance:
- Techniques for screening customers and transactions for potential sanctions breaches.
- Use of automated systems and tools for effective monitoring and screening.
Reporting and Investigating Proliferation Financing:
- How to report potential violations and suspicious activities related to CPF.
- Steps for conducting internal investigations and reporting to regulators.
Penalties for Non-Compliance:
- Understanding the consequences of failing to comply with TFS and CPF regulations.
- Case studies of enforcement actions and lessons learned from non-compliance.
Best Practices in TFS & CPF Compliance:
- Ensuring ongoing monitoring, continuous improvement, and employee awareness.
Duration:
Days (with practical exercises and case study discussions).
Level: Intermediate to Advanced
- Suitable for compliance officers, risk managers, financial crime professionals, and legal advisors in regulated industries.
Prerequisite:
Basic knowledge of AML/CFT principles and an understanding of international sanctions regimes.
Category:
- Financial Crime/AML
- Sanctions Compliance/Proliferation Financing
