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Jonathan Ledwidge: Hello good day wherever you are my name is Jonathan Ledwidge and I've been training financial crime now for

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Jonathan Ledwidge: Eight years and I've traveled to about 40 countries training for major banks and financial institutions.

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Jonathan Ledwidge: And this follwed quite a bit of time spent in banking, mostly in the capital markets area, I am very pleased very, very pleased to be presenting this course to you.

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Jonathan Ledwidge: The certified global sanctions compliance leadership course, geared towards helping individuals and managers who have compliance responsibilities to do their very best at managing the risks.

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Jonathan Ledwidge: And this course is presented by the Chartered Institute of Professional Certifications and I can't say it again how proud I am to be part of this endeavor.

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Jonathan Ledwidge: What are we going to cover? Well, we're going to have a little introduction and overview.

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Jonathan Ledwidge: Looking at various bits and pieces and literally setting up our whole approach. So we're going to take a helicopter view of sanctions and sanctions risk to set up all the things that we're going to cover,

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Jonathan Ledwidge: over the rest of the course and we'll start with, from that, moving on from the Introduction & Overview, UN Security Council sanctions, the very topical sanctions on Russia.

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Jonathan Ledwidge: US sanctions which are a whole huge ball game, and we will help you to traverse or to get around what is a major obstacle course.

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Jonathan Ledwidge: And then we look at the EU and UK sanctions and Russia, and this is like the biggest topic of the day, as far as sanctions are concerned.

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Jonathan Ledwidge: Then we're going to look at other major Western sanctions such as those on Iran and Belarus and Venezuela.

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Jonathan Ledwidge: And then we're going to look at the vexed questions of trade and human rights which feature very prominently in sanctions and also have a role to play in all other sanctions so it's very, very important topic.

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Jonathan Ledwidge: Then we're going to look at sanctions risk assessment, now there are two things and we will emphasize this, at the very beginning in the introduction and overview.

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Jonathan Ledwidge: Because this is how the course is set up, there are two things that you have to understand very well in order to manage sanctions.

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Jonathan Ledwidge: The first is what the sanctions regimes are actually telling you, what do they say what should you do, and what should you not do that in itself, as I said, is an obstacle course. The second part of it is

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Jonathan Ledwidge: properly assessing your risk to any form of sanctions exposure and that is not as easy as it sounds.

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Jonathan Ledwidge: And we'll be talking about indirect and direct exposure and some practical examples in terms of how you manage that.

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Jonathan Ledwidge: Then we look at the very important topic of sanctions screening and the challenges it is the main, one of the main

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Jonathan Ledwidge: elements that we use to manage sanctions risk, but it is not the be all and end all then we're going to look at customer due diligence specifically around sanctions.

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Jonathan Ledwidge: And finally, what kind of governance framework that you need to have to make sure you're managing sanctions risk efficiently and effectively deterring and protecting against sanctions on an ongoing basis, and it will be no surprise to you to hear,

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Jonathan Ledwidge: that OFAC has a thing or two to say about that.

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Jonathan Ledwidge: One of the things I did in the last day of putting the materials for this course together, I simply went to Google and put in sanctions news.

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Jonathan Ledwidge: Here we have it, and there were about 20 stories, I could have chosen from but I decided to choose this half dozen, and this is to make very, very important point.

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Jonathan Ledwidge: Yes, it's important that you understand the sanctions regime and your risk exposure, but this is dynamic.

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Jonathan Ledwidge: it's constantly changing, and I said to you what i've always said to people in terms of financial crime in general we're in the knowledge business.

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Jonathan Ledwidge: And this is what I love about sanctions and financial crime in general, in that there is a reality to it, there are things which relate to what we do happening every single day, which we can't ignore.

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Jonathan Ledwidge: What that means is that we have to stay vigilant in terms of what's happening in the world to remain relevant.

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Jonathan Ledwidge: What we will see is that this particular course is loaded with case studies and examples, for that very reason, in other words, there will always be a context for you to understand and to give you a further knowledge and insight because here's the thing.

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Jonathan Ledwidge: Though those who have sanctions imposed on them don't like it surprise, surprise, so they will use every manner of trick or device in the book to get around it.

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Jonathan Ledwidge: If you are to be competent and if you are to be good at deterring and protecting against sanctions risks.

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Jonathan Ledwidge: then you have to understand what these devices are and we will definitely be spending some time on it, but as I said, the most important thing is that this

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Jonathan Ledwidge: course is littered throughout with case studies and examples to demonstrate exactly what is happening and exactly what you should be looking out for.

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Jonathan Ledwidge: One more thing.

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Jonathan Ledwidge: Very often, you see news on sanctions in the news, just as we looked at a while ago.

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Jonathan Ledwidge: But from a professional perspective, while that informs us and why that might tell a certain thing for the actual details on the sanctions regimes themselves,

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Jonathan Ledwidge: we need to go to the original sources. So much or most of this material unless otherwise stated is sourced from original sources.

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Jonathan Ledwidge: United States sanctions were the US Department of the treasury of guidelines and FAQs and directly to the Executive Orders of the US President, or I should actually say, Presidents.

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Jonathan Ledwidge: For EU sanctions we go to the Council of the European Union and the Official Journal of the European Union and for UK sanctions we're looking at office of financial sanctions implementation or OFSI and her Majesty's Treasury notices.

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Jonathan Ledwidge: I would also recommend this to you in your work, that if you are a professional at sanctions, then you have to go to the actual source, because it will have the subtleties and guidelines and implications and licenses etc, etc, etc, which will not be in any news.

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Jonathan Ledwidge: Well, I think we're ready to make a start to the actual program and we're going to look at an introduction and overview which will set us up for the rest of the Program.