Fintelekt Sanctions Compliance is an intensive 2-day non-residential face-to-face training programme on economic and trade sanctions. The programme will aid the understanding of the complex environment of sanctions and the practical aspects of checks and controls necessary for complying with sanctions such as the UN, US, UK, EU and other sanctions regimes.
Dates: To be announced
Date: January 23-24, 2020
About the Programme
Fintelekt Advisory Services conducted a comprehensive training programme on January 23-24, 2020 in Mumbai, India, on Sanctions Compliance covering fundamental aspects of sanctions, various sanctions regimes such as the US (OFAC), UNSCR, UK and EU sanctions, impact of non-compliance and governance measures.
The training programme allowed participants the opportunity to acquaint themselves with the nuances of dealing with international sanctions regimes, especially the OFAC regime. OFAC is currently the most prominent sanctions imposing authority globally. Banks have to be compliant at all times while dealing with US persons or the US financial system. However, there is a growing trend of OFAC imposing secondary sections on banks and corporates outside the US financial system, especially in respect of Iran and North Korean sanctions. Participants were made aware of this risk and the need to remain up to speed with global developments.
Pramod S Khandelwal
Fintelekt Advisory Services.
Steptoe & Johnson.