Professional Certification – Certified Sanctions Specialist (CGSS)
Issued by the Association of Certified Anti-Money Laundering Specialists (ACAMS)
A specialized program to qualify a certified global sanctions specialist The program covers an introduction to sanctions and compliance, governance principles and rules, the history of sanctions, the purpose of sanctions, who imposes sanctions, who is subject to sanctions, types of sanctions, consequences of non-compliance, integrating sanctions compliance into compliance programs, risk assessment, employee training, sanctions evasion techniques, sanctions related to due diligence, implementing sanctions due diligence, sanctions screening, screening objectives, name screening using technological means, transaction screening, activity screening, sanctions investigations, asset freezing, conducting investigations, reviewing relevant information sources, identifying assets (or freezing them) and prohibiting them, and terms related to targeted financial sanctions.
Governance.
Sanctions related to combating money laundering and terrorist financing.
Penalties related to customer due diligence.
Penalties related to examining transactions.
Penalties related to investigations and asset freezing.
The most important thing to know in the qualifying program to obtain the Certified Specialist in International Embargoes and Sanctions (CGSS) certificate is
Introduction to sanctions and compliance.
Governance principles and rules.
History of sanctions and purpose of sanctions.
Who imposes sanctions?
Who is subject to sanctions?
Types of penalties.
Consequences of non-compliance.
Integrate sanctions compliance into compliance programs, risk assessments and employee training
Sanctions evasion techniques.
Penalties related to due diligence.
Implementation of sanctions due diligence.
Penalty check.
Examination objectives.
Checking names using technological means.
Check names.
Transaction checking.
Check activities.
Investigations into sanctions and asset freezes.
Conduct investigations
Review relevant information sources
Identify (or freeze) and block assets
Terminology related to targeted financial sanctions.
IBTS is the sole authorized and exclusive licensed agent in Iraq for training, distributing the scientific curriculum, conducting registration, and delivering the Certified Sanctions Specialist (CGSS) certificate.
