Embargoes and Sanctions Training Course

Embargoes and sanctions prohibit transactions with an entity, trade in a commodity or the supply of goods. They may also require positive actions like freezing assets or enforcing travel bans. Our Embargoes and Sanctions Course will help your employees to understand what sanctions are, how they impact business operations and how to comply with them.

Start your trial Course details

45 Minutes
For all staff

Learning objectives

Recognise what embargoes and sanctions are and the purpose they are designed to achieve
Identify the steps our Company takes to comply with embargoes and sanctions
Take appropriate action in your everyday work to comply with embargoes and sanctions
Seek advice and report matches and transactions that might breach sanctions

Your questions, answered

Financial Crime

How can I log and track incidents of financial crime in my organisation?

Our Compliance Breach Register allows you to securely log and monitor incidents of financial crime, such as bribery or money laundering. The tool enables you to track resolution progress and maintain a clear audit trail, ensuring accountability and compliance with regulatory requirements.

How can I ensure my employees understand and comply with our internal policies in relation to financial crime?

Our Policy Hub enables you to distribute policies such as your Anti-Money Laundering (AML) policy to employees, track acknowledgements, and send automated reminders. This ensures everyone understands their obligations and helps you maintain compliance with financial crime regulations.
.

Can small businesses be held accountable under competition law?

Yes. Competition law applies to businesses of all sizes. Even small companies can face investigations and serious penalties for engaging in anti-competitive conduct.

Are informal conversations with competitors risky?

Absolutely. Informal chats, especially those involving prices, market plans, or customers, can constitute unlawful agreements and should be avoided.

What are the consequences of breaking competition law?

Violations can lead to heavy fines for companies, director disqualification, criminal prosecution, and reputational damage.

How can companies prevent anti-competitive behaviour?

By implementing regular compliance training, setting clear internal policies, encouraging reporting of concerns, and ensuring employees understand the legal risks.

Does the Criminal Finances Act 2017 apply to non-UK companies?

Yes. The Act can apply to overseas entities if any part of the tax evasion facilitation occurs within the UK or involves UK tax liabilities. Multinational firms with UK operations should take note.

What industries are most at risk under the Criminal Finances Act?

Industries with complex financial transactions, high-value assets, or extensive third-party relationships such as banking, legal services, real estate, and professional consulting are particularly exposed to conduct and facilitation risks.

How often should businesses review their tax evasion prevention procedures?

Best practice is to conduct reviews annually or whenever there are significant changes in business operations, regulatory guidance, or risk exposure. Regular audits help ensure ongoing compliance.

Can small businesses be prosecuted under the Criminal Finances Act 2017?

Yes. The Act applies to all organisations, regardless of size. However, the HMRC’s guiding principles allow for proportionality, meaning smaller firms are expected to implement controls that match their risk level and operational complexity.

What industries are most vulnerable to proliferation financing risks?

Industries dealing with dual-use goods, advanced technologies, chemicals, and logistics are particularly exposed. Financial institutions supporting international trade also face elevated risks.

How can small businesses ensure compliance with proliferation financing regulations?

Even SMEs should implement basic risk assessments, maintain up-to-date sanctions screening tools, and train staff on red flags related to trade-based money laundering and dual-use items.

Are there international standards for combating proliferation financing?

Yes. The Financial Action Task Force (FATF) provides global guidelines, including Recommendation 7, which focuses on targeted financial sanctions related to proliferation.

What are “dual-use goods” and why are they significant?

Dual-use goods are items that can serve both civilian and military purposes. Their trade is tightly regulated due to the potential for misuse in weapons development.

How often should proliferation financing risk assessments be updated?

Best practice suggests reviewing risk assessments annually or whenever there are significant changes in business operations, customer profiles, or geopolitical developments.

What is an anti-money laundering check?

As per Experian, AML checks “help prevent money laundering by confirming potential customers and businesses are who they say they are, and assessing how likely it is they’re involved in financial crime. For entities regulated by the Financial Conduct Authority (FCA), this due diligence is considered essential and is a legal requirement”.

What is anti-money laundering compliance?

Following AML laws, regulations and procedures to detect and stop suspicious and illicit money flows, including fraud and terrorist financing.

Embargoes and Sanctions Training Course

Learning objectives

Start your compliance e-learning journey with a free trial

Your questions, answered

How can I log and track incidents of financial crime in my organisation?

How can I ensure my employees understand and comply with our internal policies in relation to financial crime?

Can small businesses be held accountable under competition law?

Are informal conversations with competitors risky?

What are the consequences of breaking competition law?

How can companies prevent anti-competitive behaviour?

Does the Criminal Finances Act 2017 apply to non-UK companies?

What industries are most at risk under the Criminal Finances Act?

How often should businesses review their tax evasion prevention procedures?

Can small businesses be prosecuted under the Criminal Finances Act 2017?

What industries are most vulnerable to proliferation financing risks?

How can small businesses ensure compliance with proliferation financing regulations?

Are there international standards for combating proliferation financing?

What are “dual-use goods” and why are they significant?

How often should proliferation financing risk assessments be updated?

What is an anti-money laundering check?

What is anti-money laundering compliance?

Made for small regulated firms, not big budgets.

Feefo Customer Rating ★★★★★ 4.9/5

Embargoes and Sanctions Training Course

Learning objectives

Start your compliance e-learning journey with a free trial

Your questions, answered

How can I log and track incidents of financial crime in my organisation?

How can I ensure my employees understand and comply with our internal policies in relation to financial crime?

Can small businesses be held accountable under competition law?

Are informal conversations with competitors risky?

What are the consequences of breaking competition law?

How can companies prevent anti-competitive behaviour?

Does the Criminal Finances Act 2017 apply to non-UK companies?

What industries are most at risk under the Criminal Finances Act?

How often should businesses review their tax evasion prevention procedures?

Can small businesses be prosecuted under the Criminal Finances Act 2017?

What industries are most vulnerable to proliferation financing risks?

How can small businesses ensure compliance with proliferation financing regulations?

Are there international standards for combating proliferation financing?

What are “dual-use goods” and why are they significant?

How often should proliferation financing risk assessments be updated?

What is an anti-money laundering check?

What is anti-money laundering compliance?

Related courses

Anti-Money Laundering and Counter-Terrorist Financing E-learning Course

Anti-Money Laundering [Financial services version]

Financial Sanctions Compliance E-Learning Course

Financial Crime Prevention E-Learning Course for Staff

Suspicious Activity Reporting

Economic Sanctions

Embargoes and Sanctions

Customer Due Diligence

Tipping Off

Understanding Sanctions

Money Laundering Red Flags

Counter Terrorist Financing

Counter-Proliferation Financing

Third-Party Due Diligence

MCOB - General Standards

Ethical Standards in Insurance and Investment Compliance E-Learning

BCOBS - General Standards

Training and Competence

The Three Stages of Money Laundering

Preventing Tipping Off

COBS - Client Categorisation

Payment Services Regulations

Whistleblowing for Managers (FS)

Appropriate Use of Communication Channels

Markets in Financial Instruments Directive II (MiFID II)

COBS - Dealing and Managing

Information Barriers

Senior Management Arrangements Systems and Controls

Conduct Rules for Senior Managers at Dual Regulated Firms

MCOB - APRC, Shortfalls and Charges

FSCS Deposit Protection

Complaints Handling for Managers

Financial Crime Prevention (Commercial Insurance)

Terrorist Financing Red Flags

Understanding Terrorist Financing

Customer Due Diligence

Enhanced Customer Due Diligence

Politically Exposed Persons

Suspicious Activity Reporting

Unexplained Wealth Orders

Money Laundering and Terrorist Financing Risks of Virtual Assets

Anti-Money Laundering and Counter-Terrorist Financing

Market Abuse Regulation Training Course

Made for small regulated firms, not big budgets.

Feefo Customer Rating ★★★★★ 4.9/5