Sanctions Screening Tuning and Best Practices
CSS Credits: 1.25
- Michelle Gallagher, Director | FTI
- Ian Robinson, Director | FTI
Alexander Witt CSS, Sanctions & Export Controls Consultant, ACSS
- 09:00 AM – 10:15 AM NYC
- 02:00 PM – 03:15 PM London
- 03:00 PM – 04:15 PM Amsterdam
Sanctions screening is crucial for maintaining compliance and mitigating risks. However, the effectiveness of screening systems relies on proper tuning and adherence to best practices. This webinar will delve into the intricacies of sanctions screening, offering practical guidance and strategies for optimizing your screening processes while ensuring regulatory compliance.
Attendees Will Learn:
- Understanding Sanctions Screening: Gain a comprehensive understanding of the importance of sanctions screening and its role in safeguarding your business from legal, financial, and reputational risks.
- Testing and Tuning for Accuracy: Discover how to fine-tune your screening systems to enhance accuracy while minimizing false positives, false negatives, and ensuring efficient resource utilization.
- Best Practices in Data Governance: Learn about best practices for collecting and managing data to ensure accurate screening and compliance.
- Risk Mitigation Strategies: Explore practical strategies for identifying high-risk entities,managing complex ownership structures, and preventing inadvertent engagement with sanctioned parties.
- Real-world Case Studies: Delve into real-world case studies that illustrate the consequences of inadequate sanctions screening and highlight the positive outcomes of effective tuning and compliance strategies.
- Implementing Sanctions Screening Programs: Acquire actionable insights into establishing and maintaining a robust sanctions screening program as a cornerstone of your overall risk management framework.
Don’t miss this opportunity to enhance your knowledge of sanctions screening, optimize your systems, and adopt best practices to safeguard your business in an evolving regulatory landscape. Join us for an engaging discussion that will empower you with the tools needed to navigate sanctions compliance effectively.
Certificate of Attendance:
All active ACSS membership will be able to download the certificate from the Learning Management System (under the achievements tab).
Register for this FREE webinar today! Tell your friends, clients, customers and colleagues about it.
ACSS Members who attend the live session can download their Certiﬁcate of Attendance from our member-only platform.
Michelle supports clients on export control and sanctions compliance program reviews by assessing internal controls, conducting testing of key processes and procedures, and developing recommendations to build and enhance the client’s current compliance program. She also has experience helping clients on all aspects of restricted party screening including evaluation and testing on screening software solutions. Michelle has worked with clients in various industries including financial software services, health care, life sciences, IT automation and security, and technology.
Alexander Witt CSS
Sanctions & Export Controls Consultant
“I really appreciated the detail and references on the slides, very helpful”.
“Great job. Very informative”.