Join a high-level interactive conversation on the intricacies of maintaining a highly effective sanctions compliance program. During this session, we will discuss the 5 pillars of compliance and compliance best practices for each:

Risk Assessment

• Key components of risk assessments
• Different rankings used
• How to mitigate high risk transactions

Testing and Auditing

• How do you audit your sanctions compliance program?
• What is the involvement of your internal audit team?
• Key components of a strong audit program

Training

• Traditional and innovative approaches to training
• Effective tools including in-person training, and computer-based training
• Determining the frequency of training (and re-training)
• Documenting \ training efforts

Internal Controls

• Documentation of your sanctions program
• How do you incorporate new restrictions into your program?
• How do you rectify a weakness in controls?

Senior Management Commitment

• Elements of a strong culture of compliance
• Techniques to demonstrate strong sanctions knowledge
• Challenges of engaging the entire organization