Programme in preparation

Preparation Course to the CAMSŪ Certified Global Sanctions Specialist (CGSS) Examination

Introduction & Objectives

CGSS® is an ACAMS® certification that equips an organisation’s workforce with a credential that represents a serious commitment to compliance with sanctions. CGSS® is global, allowing multinational institutions to strategically and uniformly apply the same programme for all global employees.
This 5-day training programme teaches the crucial sanctions principles all compliance staff should understand. It 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.
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

Methodology

Interactive seminar combining lectures, case studies, group exercises
and experience sharing.
Selected participants will receive the CGSS® material in advance in order to allow them to study before taking part in the course. This way the course will be a refresher and an opportunity to ask questions and clarify any doubts they might have.
The CGSS® exam requires long-term preparation and study.

Target Audience

Candidates are required to possess a sound knowledge of AML and CTF, and ideally already be an ACAMS certified AML Specialist.
CGSS programme is best suited for mid-to senior-level professionals, in the following areas: Sanctions Compliance; Economic Sanctions; Financial Sanctions; Sanctions Screening; AML/CTF; AML Sanctions; Regulatory Compliance; Risk Management; Legal Counsel; Embargo & Compliance Technology, Internal Audit and Operations (Back Office) staff responsible for processing client’s transfers.

Examination Hosted by ACAMS ®

At the end of this training programme, participants will sit the ACAMS official 3-hour computer-based examination in order to be CGSS® certified.
To be able to sit the exam, selected participants will be invited by ACAMS to book the exam directly with ACAMS® between 12 and 19 July 2021. Selected participants will be able to choose the date of the online exam with the condition that it takes place before October 25th 2021. It can be as early as the Monday following the course.
We recommend candidates to sit the exam as close as possible to the end of the course as the knowledge will be fresh in their mind.
ACAMS® will send an email confirmation of registration for the exam and their certificate in case they succeed.

Experts

The different units of the CGSS® programme will be delivered by senior experts with an in-depth experience in the respective fields of activity and willing to share their expertise. One session will be delivered by an ACAMS ® expert.

Language

A sound level of English is mandatory

Dates and Duration

Online course: from Monday 20th to Friday 24th of September 2021 from 9am to approximately 5pm CET.
The times of the individual sessions may vary. There will be several breaks between the sessions and a longer break for lunch.
Details on the times of the individual sessions, the name and short biography of the trainers will be provided to selected participants.
When you apply to this programme it is imperative that you have availability to follow ALL modules and to be actively present all the time.
Participants should act as if they were in Luxembourg, away from the office. Therefore, we recommend that they completely block their agenda for this week from the moment they send their application forms.

Platform & Technical requirements

Webex
In order to join the course participants are requested to have:

  • a stable internet connection
  • a device (preferably a desktop/laptop) with well-functioning microphone and webcam, which is mandatory to be able to interact with the trainer and their peers.

 

 

Detailed programme Explode

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 Due Diligence

  • 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

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