Program Brief

Certified Global Sanctions Specialist is an ACAMS certification that equips an organization’s workforce with a credential that represents a serious commitment to compliance with sanctions, in a world of increasingly complex laws, regulations, and policies. CGSS is global, allowing multinational institutions to apply the same program strategically and uniformly for all global employees. Become CGSS-certified and demonstrate to regulators a strong commitment to compliance in sanctions. CGSS enables organizations to tap into the diverse, international global network of ACAMS, the world’s largest membership organization dedicated to enhancing the knowledge and skills of financial crime prevention professionals

Sectors
Program Topic
  • Compliance and Anti-Financial Crimes
Job Families
Program Goals

At the end of the training program, the participant should be able to:

  • 1. Understand the restrictive measures imposed by sanctions, their purpose, and how they are introduced.
  • 2. Have a clear and analytical approach when faced with restrictive measures imposed by sanctions.
  • 3. Become knowledgeable on organizations that issue and enforce sanctions, and individuals, countries and entities that are subject to sanctions.
  • 4. Have a detailed understanding of the risks of non-compliance.
  • 5. Build the knowledge to embed sanctions compliance into risk assessment and compliance programs, and training
  • 6. Identify common methods that sanctioned targets use to evade sanctions
  • 7. Differentiate between AML risk and sanctions risk
  • 8. Perform sanctions due diligence to ensure that the institution is not conducting business with sanctioned parties.
Program Agenda
Module 1: GOVERNANCE AND ENFORCEMENT
  • 1 1. How primary and secondary sanctions are created, changed, and enforced

    • 2 Key concepts of sanctions

      • 3 Different types of sanctions

        • 4 Geographic scope of sanctions

          • 5 5. License types and the scope of permitted activities

            • 6 Purpose and limitations of contract clauses

              Module 2: SANCTIONS EVASION TECHNIQUES
              • 1 1. Key sanctions risk areas, including customers, the nature of their business, products, and Jurisdiction

                • 2 2. Principles of governance, risk-based approach, and how they apply to sanctions screening

                  • 3 3. Sanctions due diligence key concepts to effectively mitigate sanctions risks

                    • 4 4. Sanctions risks specific to certain financial services and products

                      • 5 5. How to apply sanctions due diligence to different lines of business

                        • 6 Beneficial ownership control and calculation

                          • 7 How to conduct trade related due-diligence, including dual-use goods and export controls

                            Types of attempts that are made by illicit actors to evade sanctions, including evasion techniques related to payments and transactions
                              Trade-related evasion techniques
                                Methods that targets use to hide their identity
                                  Key concepts of virtual assets/ cryptocurrencies
                                    How to conduct investigations, usage of internal and external primary and secondary sources, record keeping, and reporting
                                      Freezing assets, managing frozen assets, permissible activity, unfreezing assets, and reporting
                                        Program Requirements
                                        • 1. It is suggested to study the training material of the program before attending the preparatory program.

                                        attending the preparatory program.

                                        • 2. There are no prerequisites for attending the preparation program, whereas the CAMS examination requirements are:

                                        2.1 An active ACAMS Membership. 2.2 (40) education or experience credits, as follows: 2.2.1 Academic Credentials: • (10) credits for Associates. • (20) credits for bachelor’s degree holders. • (30) credits for master’s degree holders. • (40) credits for JD or Ph.D. holders. 2.2.2 Work Experience: • (10) credits for each year of experience 2.2.3 Training: • (1) credit for each hour of financial crime related training

                                        Program Path

                                        Names of the training programs that are integrated (enriched) with the training program:

                                        • Not Available

                                        Names of the training programs that after the training program:

                                        • Not Available
                                        Program Method
                                        • Lecture
                                        • Case Studies
                                        • Exercises and assignments
                                        Evaluation Method
                                        • Pre Exam
                                        • Post Exam
                                        Training Type
                                        • Online Training

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