COURSE OVERVIEW

Sanctions are one of the most closely watched areas of compliance. In Malta, EU and UN sanctions apply directly, and a breach, whether intentional or negligent, is a serious criminal offence. Organisations that onboard clients, make payments or provide services across borders are only as protected as their team’s ability to spot a problem.

One missed red flag, an unchecked ownership structure or a payment routed through a third party could see your organisation facing regulatory action, penalties and lasting reputational damage.

This course will take the student through the fundamentals of sanctions, highlighting how they work, the freezing obligations that apply to everyone, Malta’s legal framework under the National Interest (Enabling Powers) Act, and the practical steps that businesses can take to screen, assess and document their sanctions risk.

WHO IS THIS FOR?

This course is intended for anyone who wants to gain a practical understanding of sanctions compliance, including compliance officers, MLROs, senior management and staff of firms subject to AML/CFT obligations, as well as businesses involved in trade, payments or cross-border services. By the end of the course, you will have gained a practical skillset in:

  • Understanding what sanctions are, the different types of sanctions regimes, and when they enter into force
  • Navigating the Maltese sanctions framework, including the role of the Sanctions Monitoring Board and the obligations placed on operators under Article 32
  • Recognising freezing obligations and what counts as funds and economic resources
  • Identifying sanctions-related situations and the red flags that point to circumvention, such as re-exports, falsified documents, third-party payments and shell companies
  • Carrying out and documenting an effective sanctions check, and handling the challenges that arise in screening
  • Assessing ownership and control, including the 50% rule
  • Finding and interpreting official sources such as EUR-Lex, the EU Sanctions Map and the EU TARIC tool
  • Embedding sanctions compliance in day-to-day operations through risk assessments, policies, training and testing
Course Type Self-led online training
Duration 1.5 hours
Assessment Online - quiz format
Certification Certificate of Completion
Quantity:
Price: €64
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Description

COURSE OVERVIEW

Sanctions are one of the most closely watched areas of compliance. In Malta, EU and UN sanctions apply directly, and a breach, whether intentional or negligent, is a serious criminal offence. Organisations that onboard clients, make payments or provide services across borders are only as protected as their team’s ability to spot a problem.

One missed red flag, an unchecked ownership structure or a payment routed through a third party could see your organisation facing regulatory action, penalties and lasting reputational damage.

This course will take the student through the fundamentals of sanctions, highlighting how they work, the freezing obligations that apply to everyone, Malta’s legal framework under the National Interest (Enabling Powers) Act, and the practical steps that businesses can take to screen, assess and document their sanctions risk.

WHO IS THIS FOR?

This course is intended for anyone who wants to gain a practical understanding of sanctions compliance, including compliance officers, MLROs, senior management and staff of firms subject to AML/CFT obligations, as well as businesses involved in trade, payments or cross-border services. By the end of the course, you will have gained a practical skillset in:

  • Understanding what sanctions are, the different types of sanctions regimes, and when they enter into force
  • Navigating the Maltese sanctions framework, including the role of the Sanctions Monitoring Board and the obligations placed on operators under Article 32
  • Recognising freezing obligations and what counts as funds and economic resources
  • Identifying sanctions-related situations and the red flags that point to circumvention, such as re-exports, falsified documents, third-party payments and shell companies
  • Carrying out and documenting an effective sanctions check, and handling the challenges that arise in screening
  • Assessing ownership and control, including the 50% rule
  • Finding and interpreting official sources such as EUR-Lex, the EU Sanctions Map and the EU TARIC tool
  • Embedding sanctions compliance in day-to-day operations through risk assessments, policies, training and testing