ACAMS Certified Global Sanctions Specialist (CGSS)

CGSS is an ACAMS certification that equips an organisation’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 strategically and uniformly apply the same programme for all global employees.

This course teaches the crucial sanctions principles all compliance staff should understand and will be of value to those new to sanctions compliance, those looking for a refresher, and those in frontline sanctions positions, teaching skills that benefit both new and experienced professionals, especially as regulator and market expectations around sanctions continue to increase.
Candidates are required to possess a sound knowledge of AML and terrorism preventing, and ideally (but not imperatively) be already an ACAMS certified AML Specialist.

By the end of the courses participants will understand the principles of:

• Governance and enforcement
• Sanctions related to evasion techniques
• Sanctions related to Due Diligence
• Sanctions related to screening
• Sanctions related to investigations and asset freezing

• Introduction and study recommendations
• Chapter 1: Governance and enforcement
  • Introduction
  • History of sanctions and purpose of sanctions
  • Who imposes sanctions?
  • Who is subject to sanctions?
  • Sanction types
  • Consequences for noncompliance
  • Incorporating sanctions compliance into Compliance programmes, risk assessment, and employee training
• Chapter 2: Sanctions evasion techniques
  • Evasion methods: common techniques
  • Concealment of beneficial ownership
• Chapter 3: Sanctions DueDiligence
  • Perform sanctions Due Diligence
• Chapter 4: Sanctions screening
  • Screening targets
  • Name screening vs. payment screening information technology
  • Regulatory matters
  • Name screening
  • Payment screening
  • Solving name and payment screening challenges
  • Trade activity screening
• Chapter 5: Sanctions investigations and assets freezing
  • Conducting investigations
  • Reviewing relevant sources of information
  • Identifying and blocking (or freezing) assets
• Chapter 6: Glossary of terms
• Chapter 7: Review questions
• Chapter 8: Guidance documents and reference material