ASSOCIATION OF CERTIFIED SANCTIONS SPECIALISTS TOOL KIT

Everything you need to create your own sanctions program

The basics

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Due diligence and screening

People and Structure

What to do when issues arise

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Risk assessment

Other key pillars of the program

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Policies and procedures

Special Considerations

The basic

In this building block you will learn about key aspects of sanctions and how this affects your business. You can read the document or, if you are a visual person, watch the video instead. You will also fill out a questionnaire to find out which sanctions apply to your business. Let’s get started!.

People and Structure

In this building block, we cover the role of different people and how to structure a sanctions complianc program. Please go follow the steps below.

1. Read the document
2. Watch the video

Click here to see the video: “Structure of Compliance”

4. Watch the video

Click here to see the video: “Role of Senior Management”

5. Read the Job Description and use it to find the right person to fulfill the duties
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Risk Assessment

This building block is all about risk. What is the specific sanctions risk that your business may encounter? Find about by following the steps below.

1. Read the document
2. Watch the video

Click here to see the video: “Risk assessment overview”

3. Fill out the questionnaire
4. Read and fill out the document
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Police and procedure

Compliance, of course, refers to following the rules. Sanctions compliance focuses on how your business follows policies to keep things on the up and up and avoid getting in trouble with the law. Follow the steps below to learn more about essential internal controls, policy template and more.

1. Read the Document
2. Watch the video

Click here to see the video: “Internal Controls”

3. Read and fill out the document
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Due diligence and screening

This building block is about due diligence and screening. It contains several documents for you to read, videos to watch, and access to a sanctions screening tool which is key to compliance.

2. Watch the video

Click here to see the video: “Risk Classsification for Due Diligence”

4. Read the document and use it to conduct due diligenec
6. Read the document
8. Read the document and check with your legal counsel on use of sanctions clause
9. Start using the Screening tool

What to do when issues arise

This building block helps you overcome situations that may arise. What to do when your sanctions screening tool finds a real hit? What to do if you need a license? And..important..what to do when your bank contacts you with inquiries regarding sanctions? Go through the steps below to find out more.

1. Read the document or watch the video, and start taking the recommended steps
2. Watch the video

Click here to see the video: “Internal Reporting Video”

3. Read the document and save it with your company information
4. Read the document
5. Watch the video

Click here to see the video: “Freezing and Reporting Video”

7. Read the document
8. Watch the video

Click here to see the video: “Responding to bank inquiries”

Other key pillars of the program

In this building block, you will find other essential elements of a sanctions compliance program, including document retention, training and how to kick the tires of your program, to determine if all works as intended. Follow the steps below to find out more.

1. Read the document
2. Read the document
3. Download the PPT and add your logo and other customized tekst. Then you can use this to train your staff.

Special Considerations

This is the last building block. It may or may not apply to your business. But take a look at the below steps and read the documents to find out!

1. Read the document if this applies to you
2. Read the document if this applies to you

Select your consultant

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1. Show the “Sanctions Awareness” video to others in the company
2. Watch the Video: “Document Retention”